BP chief executive Tony Hayward is to quit the company, with the oil giant's board deciding today whether to announce his resignation tomorrow - when the group delivers second-quarter results - or wait until the Gulf of Mexico
Coventry Building Society has launched a fixed-rate bond that pays 3.7 per cent before tax (2.96 per cent after), which runs until 31 August 2012 on £1 or more. The rate puts it among the best payers for this term.
More than £1.1 billion of investors’ money is tied up in funds that consistently rank in the bottom quartile of their sectors, with bad stockpicking decisions or high fees dragging down returns, according to Money Observer<
The number of claims paid out by the Financial Services Compensation Scheme has doubled in the past year, with payment protection insurance and structured products making up a significant chunk of the payments.
Investors should not write off the UK stock market in their search for income, with companies such as GlaxoSmithKline, Vodafone and FirstGroup boasting high dividend yields and strong balance sheets, according to Killik & Co.