Markets & economy

Twitter set to float in 2014

Friday, 13 September 2013 | News

Microblogging platform Twitter last Thursday announced its hotly-anticipated intention to float in a tweet that immediately went viral.

Compensation due for mis-sold AXA customers

Friday, 13 September 2013 | News

AXA customers who were given 'unsuitable advice' when buying investments from the firm will be entitled to compensation after it was fined £1,802,200 by the Financial Conduct Authority.

Banks to pay out £500,000 to mis-selling victims

Wednesday, 04 September 2013 | News

UK banks have paid out £500,000 in compensation to ten companies mis-sold interest rate swap agreements, according to regulator the Financial Conduct Authority (FCA).

Are your savings being eroded by inflation?

Tuesday, 03 September 2013 | News

More than half of investors are worried about inflation, but don't know how to protect their savings from its effects.

Aberdeen fined £7.2m for failing to protect clients

Tuesday, 03 September 2013 | News

The Financial Conduct Authority (FCA) has fined Aberdeen Asset Managers and Aberdeen Fund Management almost £7.2 million for "failing to identify, and therefore properly protect, client money" placed in money market deposits...

HSBC announces bank closures

Tuesday, 20 August 2013 | News

HSBC is to close five branches across the UK, adding to four it has already closed in 2013 and over 200 branches it has shut down in the last three years.

Inflation drops to 2.8%

Tuesday, 13 August 2013 | News

Inflation fell to 2.8% in July, and is likely to be the "start of a sustained drop", according to Capital Economics.

Barclays confirms £5.8 billion rights issue

Tuesday, 30 July 2013 | News

Barclays has asked for a £5.8 billion plug from shareholders as it faces pressure over its £12.8 billion capital shortfall.

Spending Review: £11.5 billion cuts announced

Wednesday, 26 June 2013 | News

Chancellor George Osborne's 2013 spending review – covering how much the government will spend across departments in 2015-16 – contained a series of budget cuts hitting local government, policing, transport and business,...

Lloyds set to return to privatisation

Thursday, 20 June 2013 | News

The government is preparing to start selling the taxpayer's share of Lloyds Banking Group back into private ownership.