Liberal Democrat leader Nick Clegg will argue for a "time-limited" extra tax on the UK's wealthiest people as politicians reconvene after their summer breaks.

Closed fund consolidator Phoenix Group has appointed former Financial Services Authority (FSA) head Sir Howard Davies as chairman.

The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.

Business tycoon Asil Nadir has been found guilty of a total of ten charges of theft from his now-collapsed Polly Peck empire.

Former Polly Peck International (PPI) owner Asil Nadir has been found guilty of stealing a total of more than £5.5m from the company in 1989 and 1990.

Billionaire investor George Soros has become one the biggest backers of Manchester United Football Club after buying a near 8% stake in its listed shares.

Her Majesty's Revenue & Customs (HMRC) said it has prevented some £200m from being diverted from the Exchequer after winning three court decisions against tax avoidance schemes.

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

Operating profits at Standard Life UK rose by more than 60% in the first half of the year compared to the same period in 2011, driven by an increase in fee revenues and lower acquisition costs.

The Financial Services Authority (FSA) has issued a public censure of City Gate Money Managers and banned its director and compliance officer Stewart Wallace Domke from holding any significant influence Functions.