News

Most traditional high-yield investors "won't touch" £500m worth of junk bonds set to be issued by Manchester United Plc because they are unrated and there are plenty of alternatives, an analyst says.

Germany's economy shrank by 5% in 2009, suffering its biggest contraction since the Second World War as exports fell sharply, according to official data.

City of London police made 12 arrests over the Christmas period in Manchester and Sunderland in connection with one of Europe's biggest share frauds, in which hundreds of victims lost in excess of £20m.

Royal London group distribution director Jim Smith has been appointed non-executive director of industry e-commerce provider Origo Services.

Reviewing pension transfer cases should be a priority for advisers, according to MetLife.

The FTSE 100 opened slightly lower this morning after falls on Wall Street and in Asia, dipping 4.76 points (0.09%) to 5,493 in early trading.

The shadow pensions minister has said a future Conservative government will not rescue the Pension Protection Fund (PPF) should the compensation scheme fall into hardship, reports The Guardian.

Despite ongoing economic turbulence and market volatility almost half of investors (44%) are bullish in their outlook for 2010, according to research.

Banks are denying savers tax benefits by paying less on fixed-rate cash ISAs than on similar taxable bonds.

Retirement has become a major political battleground in the run up to the general election, according to Tom McPhail.