News

The FTSE 100 is off to a solid start this morning after a late surge on Wall Street yesterday following Ben Bernanke's comments that the US recession is over.

Four men have been arrested by the City of London Police over a £9m mortgage fraud against a major insurance company.

Despite the economic downturn, companies are more than doubling their spend on healthcare benefits, accordin to Simplyhealth.

Sanjeev Shah's move to add a basket of financial stocks at the height of market fear following the Lehman fall has paid off for his top-decile Fidelity Special Situations fund.

Julius Baer has rolled out a Japan fund with a split quantitative and qualitative asset allocation model to the UK retail space.

Nasdaq OMX Nordic and HQ Bank have released a portfolio of ETFs in Sweden, enabling Nordic investors to trade a range of indices in local currencies.

Cofunds marketing and proposition director Alistair Conway has rebuffed Brian Dennehy's suggestions the platform has lost IFA backing, saying its sales volumes show the level of adviser support.

On Wall Street, markets fell back slightly on the anniversary of Lehman Brothers's collapse.

The beleaguered UK economy is showing signs of growth after four quarters of contraction, Bank of England Governor Mervyn King has said.

Bank of Scotland received the highest amount of complaints relating to mortgages and home finance in the first six months of the year, Financial Ombudsman Service (FOS) figures show.