Anglo-South African financial conglomerate Old Mutual reported a 15 percent increase in its first-half profit, helped by cost cuts and strong growth at Nedbank, its majority-owned South African bank... more
Financial stocks were in demand today, helping the FTSE 100 index to kick off the new quarter in style. Barclays was top dog, jumping 10.25p to 287.75p, Royal Bank of Scotland climbed 1.2p to 42p and Lloyds Banking Group gained 1.2p to 59.3p... more
Old Mutual, the insurance group in the throes of a major restructuring to simplify its sprawling operations, declares operating profits are improving and announces it is close to selling its US life assurance division... more
Much gnashing of teeth at Old Mutual and Nedbank over the decision by HSBC to pull out of its £5 billion purchase of Nedbank, South Africa’s fourth-largest bank, which belongs to Old Mutual... more
Market Round-up: As the bosses at Dana Petroleum try to squeeze more cash out of KNOC, traders are already scrabbling round to work out which oil explorer will next attract a suitor... more
Could Aggreko be attracting admiring glances?
The temporary power supplier took pole position on the FTSE 100 winners list after broking heavyweight HSBC started coverage on the group with a buy rating... more
Old Mutual unveils a shake-up of its operations that will see the insurer sell its US life arm and float its American asset management business... more
Embattled Anglo American boss Cynthia Carroll won a rare vote of support today as one of her mining giant’s biggest shareholders said that she was pursuing the right strategy ... more
Stock-market investors might have wished for a better start to the second half of the year. As it is they’ve taken something of a battering, with the prospect of further volatility to come ... more
Stock market investors might have wished for a better start to the second half of the year. As it is they've taken something of a battering, with the prospect of further volatility to come ... more
Last time we were in recession in the Nineties, boards were so scared of the likely reaction of institutional investors if they suggested a dividend cut that they continued paying, even when the profits were not there, by dipping into reserves accumulated in the earlier good times ... more
Old Mutual, the London-based insurer, is paying a �45 million (£39 million) break fee to walk away from a �165 million deal to buy a stake in Chinese fund manager ABN Amro Teda Fund Management ... more
Old Mutual's new boss Julian Roberts attempted to draw a line under losses at the insurer's beleaguered US life arm, shutting the offshore firm to new business... more
Banks led the charge on the stock market this morning with Royal Bank of Scotland cutting a swathe through the bears despite reporting a record £24.1 billion loss... more
Renewed fears about the financial sector hammered leading insurance groups, with investors increasingly worried about the insurance world's exposure to corporate debt, especially bank bonds. ... more
Up to half a dozen blue-chip companies face losing their place as constituents of the Footsie 100 index when the regular quarterly review is undertaken later this week... more
He pulls some weight, does that Hank Paulson. How many other people on the planet could whistle up $700 billion of public money and get universal agreement that he's doing the right thing?... more
Investment house Skandia has declared that the buy-to-let boom is firmly over as falling house prices and higher mortgage costs prompt investors to flee the market... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Tonight:
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