News

The aggregate funding position of the 7,400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.

Gold has broken though the $1,000 an ounce barrier for the first time in six months, as doubts grow about the strength of the global recovery.

Switzerland has stolen the United States' crown as the world's most competitive economy, a World Economic Forum report concludes.

Switzerland has stolen the United States' crown as the world's most competitive economy, a World Economic Forum report reveals.

The FSA has fined Barclays almost £2.5m for failing to provide accurate reports to the regulator.

Gross lending by building societies hit a year high last month, but remains more than 40% below the figure recorded in July 2008.

The disgraced financier Bernie Madoff has received a $13,800 (£8,500) tax rebate, angering clients who lost billions in the biggest Ponzi scheme in Wall Street history.

London's blue chip index climbed to an 11-month high this morning, buoyed by surging miners.

Perspective Financial Group has secured a multi-million pound loan from Lloyds TSB Corporate Markets, boosting its acquisition funds beyond £12.5m.

Significant Cadbury shareholder Legal & General Investment Management has backed the company's rejection of Kraft's £10.2bn offer, saying it "materially undervalues" the confectionary giant.