News

The US economy grew 5.9% in the fourth quarter of 2009, up from 2.2% in the previous three months, revised GDP figures show.

Advisers should tell clients to get their money out of the pound before the currency collapses, urges a former City broker.

Talks surrounding Iceland's repayment of £2.3bn worth of debt to the UK and the Netherlands following the Icesave collapse have stalled after the Icelandic delegation walked out of talks.

Tenet is undergoing a re-brand as it looks to simplify its corporate structure by bringing its component businesses under three new identities.

Alquity Group, which was formed in November 2009 through the inclusion of Smoothed Growth Investment Management and Alquity Investment Management, is to launch a new fund which aims to support microfinance projects in Africa, as well as providing a normal...

A survey of business leaders from Isle of Man based financial and professional services companies reveals confidence levels remain strong, despite global economic uncertainty and pressures facing international finance centres.

The risk rating of balanced managed funds varies widely, according to new research from Skandia, with only 5% of funds having an expected risk rating of five out of ten when measured on the firm's own risk scale.

Prudential's with-profits fund made pre-tax returns of 18.7% in 2009 and the insurer confirmed bonuses would be maintained.

The UK economy emerged from its 18-month recession at a faster pace than expected, figures released by the Office for National Statistics (ONS) show.

The contentious role played by Goldman Sachs in Greece's debt-saddled financial crisis is under scrutiny by financial regulators in the US, the chairman of the Federal Reserve, Ben Bernanke, has revealed.