- Nationwide sets aside £500m for bad loans
Mutual building society sets aside almost £500m to cover souring commercial property loans and warns of weak demand and falling prices in the sector
Posted on 22 May 2013 | 9:34 am
- Lloyds plays down capital concerns
UK’s largest retail bank does not disclose size of funding gap it has been asked to fill by the new Prudential Regulation Authority
Posted on 22 May 2013 | 9:19 am
- Homeserve expects to pay smaller fines
Shares jump more than 10% after the company announced the smaller than anticipated legal provision for mis-selling home repairs insurance
Posted on 22 May 2013 | 2:12 am
- Scottish debate uses economics as weapon
Nationalists believe Westminster ‘holds Scotland back’ while London says safeguards needed for separation would make independence symbolic
Posted on 22 May 2013 | 12:14 am
- Dimon victory despite investor backlash
Investors targeted their disapproval at the bank’s independent directors in an unusually large vote against the re-election of Ellen Futter, David Cote and James Crown
Posted on 21 May 2013 | 11:59 pm
- Edhec-Risk Institute builds series of 'smart beta 2.0' indices
The not-for-profit organisation has launched 30 flagship indices under the ERI Scientific Beta brand with a view to growing this to 100 over the next year, covering a range of strategies, including fundamentally-weighted, style bias and optimal liquidity.
Posted on 22 May 2013 | 9:34 am
- Aberdeen pays £30m premium for US boutique in £118m deal
Aberdeen Asset Management has completed the acquisition of US fund manager Artio Global Investors for £118 million.
Posted on 22 May 2013 | 8:06 am
- Canaccord UK wealth footprint expands to the tune of £10.5bn
Canaccord Financial underlined its growing influence in the UK and European wealth market with a 22% jump in assets under management (AuM) in the first three months of the year.
Posted on 22 May 2013 | 8:05 am
- Ex-Barclays Wealth man to run six fund of funds for Fidelity
Nick Peters has been appointed lead manager of six multi-manager Sicavs as Rita Grewal and Richard Skelt take up new posts with Fidelity.
Posted on 22 May 2013 | 8:01 am
- Government scraps rebate tax for overseas investors
The government is scrapping rebate taxes for overseas investors as part of its bid to boost the competitiveness of asset management in the UK.
Posted on 22 May 2013 | 7:46 am
- Bad weather hits retail sales again
UK retail sales in April were 1.3% lower than in March as bad weather continued to dent spending, official figures show.
Posted on 22 May 2013 | 9:49 am
- Hong Kong probes commodities market
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities.
Posted on 22 May 2013 | 9:45 am
- Nationwide mortgage lending rises
The UK's largest building society, Nationwide, says its share of the mortgage market has reached a record high.
Posted on 22 May 2013 | 9:27 am
- SAP in autism recruitment drive
German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology.
Posted on 22 May 2013 | 9:00 am
- SSE profits up after cold weather
The cold weather helps energy supplier SSE to report a rise in profits, despite disruption from heavy snow and a fine from regulators.
Posted on 22 May 2013 | 8:28 am
- Cold Weather Puts Freeze On Retail Sales
The UK's economic recovery takes a new knock as official figures show that consumers held on to their cash in April.
Posted on 22 May 2013 | 9:44 am
- SSE: Energy Bills 'Must Rise' As Profits Leap
SSE confirms a big rise in profits in a year it benefited from a cold winter and warns of more bill increases to come.
Posted on 22 May 2013 | 9:08 am
- Tax Dodgers 'Could End Extreme Poverty Twice'
As David Cameron begins an EU offensive on tax avoidance, Oxfam accuses the Government of hypocrisy in its approach.
Posted on 22 May 2013 | 8:11 am
- Xbox One Console Unveiled By Microsoft
After months of intense speculation about its potential new features, Microsoft debuts its first gaming console in eight years.
Posted on 22 May 2013 | 7:16 am
- Food Hygiene Standards 'A Postcode Lottery'
A consumer investigation reveals the worst and best places in Britain when it comes to food hygiene standards.
Posted on 22 May 2013 | 5:49 am
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