Aviva’s UK life division saw new business profits surge 15 per cent in the first quarter despite sales dropping year-on-year. The insurer’s first quarter interim management statement, published this morning, reveals the value of new business written in its UK life arm rose from £89m in Q1 last year to £103m in the first three […]
Barclays’ traders used “exclusive” chat rooms to manipulate foreign exchange rates in their favour. The bank was today fined a total of £1.5bn by UK and US regulators, including a record £284m fine from the FCA. Details published in the FCA final notice reveal traders formed tight-knit groups through chat rooms, entry to which was […]
A UK referendum on EU membership must be brought forward to 2016, according to Labour leadership candidate Andy Burnham. Shadow health secretary Burnham, who is one of four candidates running for Labour’s leadership following the resignation of Ed Miliband, described himself as staunchly pro-Europe, and pledged to embrace public desire for a vote. David Cameron’s […]
Wealthy UK investors are prepared to pay a maximum of £110 an hour for financial advice, a Legg Mason survey shows, 26 per cent less than the average fee charged by advisers in 2014. According to Legg Mason, the cost of advice can range from £75 to £250 per hour, with one poll by unbiased.co.uk […]
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
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