Old Mutual Bids £600m For Wealth Manager

By Mark Kleinman, City Editor Britain's second-biggest independent wealth manager has rebuffed a £600m takeover offer from Old Mutual, the FTSE-100 financial services group. Sky News understands that Quilter Cheviot, which manages almost £16bn...

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Europe Agrees On Fresh Russian Sanctions

European leaders have agreed to hit Russia with a fresh round of sanctions despite Moscow signing up to a ceasefire in Ukraine. The sanctions include credit restrictions on Russia companies, export bans, and travel bans and asset freezes on a new set...

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UK Airlines Axe Flights Due To Italian Strike

Several UK airlines have warned passengers of major disruption to flights as a result of a strike by Italian air traffic controllers. Ryanair says it has been forced to cancel 96 flights to and from Italy. They include a number of flights serving UK...

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Eurozone Teeters As ECB's Bazooka Is Held Back

By Ian King, Business Presenter Only in a 100 metre sprint, a Wall Street Journal correspondent joked on Twitter, does a one-tenth of a unit move normally spark such excitement. The European Central Bank's shock interest cut today, taking its benchmark...

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ECB Cuts Eurozone Rates And Boosts Stimulus

Eurozone Teeters As ECB's Bazooka Is Held Back Updated: 6:46pm UK, Thursday 04 September 2014 By Ian King, Business Presenter Only in a 100 metre sprint, a Wall Street Journal correspondent joked on Twitter, does a one-tenth of a unit move normally...

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BP's 'Gross Negligence' Led To Gulf Oil Spill

A federal judge has ruled that BP's reckless conduct led to the worst offshore oil spill in US history - a decision that exposes the oil giant to billions more in civil penalties. BP was assigned the majority of blame for the 2010 Gulf of Mexico spill...

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CBI Forecasts Economic Growth Slowdown

The CBI has forecast a slowing of economic growth during the second half of the year - weighed down by flatter confidence and uncertainties over the Scottish referendum. The business lobby group predicted UK GDP growth would ease to 0.7% in the third...

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Standard Life Investors Net £1.75bn Windfall

Shareholders in Standard Life are on course for a £1.75bn windfall from the insurance firm's sale of its Canadian interests. Canada-based Manulife is to pay £2.2bn for the long-term savings, retirement and insurance business on completion - expected...

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Co-op Group Back In Black After Bank Turmoil

The troubled Co-operative Group has confirmed a return to half year profit after distancing itself from big bank losses. The supermarkets-to-funerals group, which gave up control of the Co-op Bank after posting a £2.5bn loss last year, made a statutory...

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Payday Loans: Charity Demands Tougher Action

A charity has reported a 42% rise in the number of people suffering under the weight of payday loan debts and called for tougher regulation of the market. StepChange said it dealt with 43,716 people in the first six months of this year, compared...

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PPI Complaint Volumes Ease In First Half

Complaints about payment protection insurance (PPI) have eased back by more than 50% from last year's record peak. But the Financial Ombudsman Service (FOS) - set up to settle disputes between financial firms and consumers - said the...

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'Huge Leap In The Dark': Boris Island Rejected

Boris Johnson's proposal for a new four-runway airport to be built in the Thames Estuary has been rejected by the Airports Commission. The grounding of an airport in Kent leaves three options for expanding airport capacity: two additional runway plans...

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