Operating profits at Aviva Investors have tumbled 9% ahead of a planned scale back in distribution to retail investors.

Financier Allen Stanford faces up to 20 years in prison after being found guilty of orchestrating a $7bn Ponzi scheme.

Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.

A 'disorderly' default in Greece could cause more than €1trn (£833bn) damage to the eurozone, a confidential report has warned.

Vladimir Putin has claimed a resounding victory in Russia's presidential election, provoking a furious response from opposition activists who alleged the vote was marred by widespread fraud.

George Osborne is preparing to alter plans to strip some middle income families of child benefit ahead of a House of Commons debate on the issue.

Geir Haarde, the former Icelandic Prime Minister, is to go on trial on charges of negligence during the 2008 financial crisis.

Crude oil prices hit a 43-month high on Thursday following reports a Saudi Arabian pipeline had exploded.

The 50p top rate of tax is damaging the economy and reducing government income, according to a letter signed by more than 500 business leaders.

Nicola Horlick, chief executive of Bramdean Asset Management, has joined forces with two 3i alumni to launch a new investment business.