News

The FSA has banned mortgage broker Daniel Esqulant for inflating his income by up to five times on his mortgage applications.

UK Financial Instruments (UKFI), the body that manages the Government's shares in some of Britain's biggest banks, will today outline its plans for the future of its investments in the state-owned lenders, reports The Times.

In London, Friends Provident shares surged this morning as Resolution expressed interest in buying the company.

Resolution, the financial services consolidator led by Clive Cowdery, has confirmed it is considering a possible offer for Friends Provident, although the insurer rejected its initial proposals.

Arch Financial Products has made a bid to improve the transparency of its funds, including the suspended Arch cru range, with the launch of a new website.

EasyETF has listed two funds providing exposure to global energy and emerging markets on Euronext Paris.

A fire raging in Soho in central London reportedly broke out in the offices of structured finance provider Future Capital Partners.

The FSA today says it will "reinforce" its stance on non-monetary benefits, or ‘inducements', offered to advisers by product providers.

The Dow Jones slipped in early trading as worries increased over earnings and the state of the US economy.

Global equity markets continued to slide last month declining 0.58%, according to Standard & Poor's The World by Numbers monthly report.