News

US markets experienced a volatile morning as tech firms fell back and Citigroup announced it had made a profit for the first time in almost two years. The Dow Jones was up 21.03 points (0.26%) to 8,146.46.

The UK economy is likely to begin a gradual recovery later this year, according to Legal & General Investment Management.

Technology provider Focus Solutions has noted a significant increase in demand for Direct to Consumer (D2C) e-commerce solutions from providers and advisers, following the FSA's RDR proposals.

Over 1,000 advisers have uploaded their company logo to Skandia's U-Skan portfolio analysis tool since its launch in January 2009.

Hargreaves Lansdown chairman Stephen Lansdown plans to sell 15m of his 132m shares in the company to fund private projects, including the proposed new stadium for Bristol City Football Club.

The Council of Mortgage Lenders (CML) has suggested around 900,000 home-owners are currently in negative equity, though it highlighted the majority - around two-thirds - face only modest shortfalls of less than 10%.

More than eight million UK pensioners have seen their monthly incomes fall by a quarter due to record low income rates, according to equity release trade body SHIP.

KPMG and Reita have published a new, free guide covering the tax treatment of Real Estate Investment Trusts (REITs).

Investors need fund managers that aim to grow income over time rather than chase high yields at any cost, says Meera Patel

The City watchdog has been accused of "apathy and complacency" in its regulation of building societies during the boom, by one of its former supervisors, reports The Financial Times.