Latest News

City of London hikes its dividend

The City of London Investment Trust has increased its dividend for the 44th consecutive year – the longest record of any investment trust.

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Hayward rides the storm at MP grilling

BP's outgoing head honcho Tony Hayward put on the performance of his life yesterday as he rebuffed claims that cost-cutting measures had led to the Gulf of Mexico oil spill during a government committee grilling.

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Gold hits fresh record high

Gold soared to a fresh record high overnight as its safe-haven appeal, a weaker dollar and growing central bank appetite propelled it ahead.

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Japan intervenes to weaken yen

Japan's government has intervened in the currency markets for the first time in more than six years after the yen soared to a 15-year high against the dollar.

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Hayward set for grilling by MPs

BP's outgoing chief executive Tony Hayward is set to face a grilling from MPs later today, as it emerged that safety standards at its North Sea operations were called into question in the run up to Gulf of Mexico explosion.

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Lloyds tops complaints list again

Lloyds Banking Group tops the list of the most complained about financial institutions for the third time.

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Nearly half of women don't have a pension

Nearly half of British working women do not have a pension, despite news of a rising retirement age and disappearing state pension.

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Nigerian bank to launch 3 per cent one-year bond

FirstSave is to launch a one-year fixed rate bond on Wednesday 15 September paying 3 per cent before tax (2.4 per cent after tax).

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UK banks boosted as capital raising fears ease

The City breathed a sigh of relief after new banking sector rules agreed by global regulators to prevent another financial crisis proved to be less tight than expected.

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The week ahead (13/09 - 17/09/10)

It's the turn of the retailers to air their wares this week, as the likes of Debenhams, French Connection and Next all jostle for pole position.

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Health warning on TLP funds

A third of traded life policy funds sold and marketed in the UK refuse to disclose their performance fees, with some charging initial fees as high as 10 per cent, research has found.

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How to deal with a letter from the taxman

HM Revenue & Customs has just begun the first wave of a three-month process informing six million taxpayers that they have paid the wrong tax.

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