News

The chairman of HSBC has said the entire banking industry "owes the real world an apology".

Markets opened to a volatile start this morning after shares made major gains on improvements in the commodities market.

The Dow Jones has climbed sharply in early trading this morning on anticipation of a positive start to the US reporting season. At 10.40am, the index was 112.07 points (1.17%) higher to 9711.82.

Financial planning will shed its ‘industry' tag and be seen as a ‘profession' within a decade, Institute of Financial Planning (IFP) CEO Nick Cann says.

More than 300 homeowners have been given the green light to sue Barclays and Bank of Scotland over mortgages which forced repayments as much as four times the cost of their properties.

UK industrial output fell 2.5% in August, its biggest slump since January, says the Office for National Statistics (ONS).

Blue Sky has launched an ‘absolute return' plan offering a potential payout of 75% at the end of its six-year term.

The second installment of the Markets in Financial Instruments Directive (Mifid) could require ETF trades to be reported on exchange, which would boost market liquidity according to industry players.

The manager of Fidelity Multi-Asset Strategic has shrugged off his defensive stance, in the belief that early growth signs in recession-hit world economies will not fade as some analysts suggest.

Crédit Agricole Structured Asset Management (Casam) has released a range of 10 equity ETFs on Euronext Paris, boosting its product range to 65 funds.