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(Adds details, insurance industry letter, FCA) LONDON, April 1 (Reuters) - British finance minister George Osborne said on Tuesday he was "profoundly concerned" about the way the financial watchdog revealed news of a review of the insurance sector which caused the share prices of insurance
1 Apr 14 12:25LONDON, April 1 (Reuters) - British finance minister George Osborne said on Tuesday he was "profoundly concerned" about the way news of a review of Britain's insurance sector caused the share price of insurance firms to fall sharply last week. In a letter to the chairman of Britain's Financ
1 Apr 14 10:56* CEO Wheatley takes responsibility for FCA actions * Wheatley says share price moves need investigating * Wheatley says external review will be done as quickly as possible (Adds more detail, updates shares) By Huw Jones and Chris Vellacott LONDON, March 31 (Reuters) - T
31 Mar 14 16:52* FTSE 100 down 0.3 pct; down 2.2 pct over quarter * Babcock nearly recoups last week's losses * Miners extend gains slightly on China stimulus optimism (Recasts, updates prices, adds fresh quote) By Tricia Wright LONDON, March 31 (Reuters) - Babcock was the star perform
31 Mar 14 16:30* CEO Wheatley takes responsibility for FCA actions * Wheatley says share price moves need investigating * Wheatley says external review will be done as quickly as possible (Adds more comment, insurance industry reaction) By Huw Jones and Chris Vellacott LONDON, March 31
31 Mar 14 14:59* FTSE 100 up 0.2 pct but on course for quarterly drop * Babcock nearly recoups last week's losses * Miners extend gains on China stimulus optimism By Tricia Wright LONDON, March 31 (Reuters) - UK shares rose on Monday, led by Babcock after a nuclear contract win and under
31 Mar 14 14:56LONDON, March 31 (Reuters) - A slump in UK insurance shares on Friday following news of a planned review of the sector was "not the Financial Conduct Authority's finest hour," its chief executive said on Monday. "Whenever markets move like they did on Friday there is always scrutiny," Marti
31 Mar 14 14:09* BoE's Bailey: insurance sector well-placed for annuity change * Bailey reiterates that BoE vigilant on housing market By Huw Jones LONDON, March 31 (Reuters) - Banks still need to be persuaded that well-capitalised lenders are important to economic growth, Bank of England Depu
31 Mar 14 13:10* FTSE 100 up 0.2 pct, but on course for quarterly drop * Babcock nearly recoups last week's losses * Insurers rally after regulator's "blunder" * Miners extend gains on China stimulus optimism By Tricia Wright LONDON, March 31 (Reuters) - Britain's top shares rose o
31 Mar 14 11:46LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.<br /><br />-------<br /><br />FTSE 100 - WINNERS<br /><br /><strong>Babcock</strong> International Group, up 3.5%. The company said its Cavendish Fluor Partnership has
31 Mar 14 10:35* FTSE 100 up 0.6 pct * Insurance firms rally after regulator's "blunder" * Miners continue strong rally * Index set for first quarterly fall since June By Alistair Smout LONDON, March 31 (Reuters) - UK shares rose on Monday boosted by appetite for downtrodden insure
31 Mar 14 08:25(Adds details on funding) LONDON, March 30 (Reuters) - The Financial Conduct Authority will set out plans on Monday for an increase in its annual funding requirement for 2014-15, Sky News reported late Sunday. The multi-media news service said the financial regulator is expected to bu
30 Mar 14 23:39Big insurance companies want Martin Wheatley, Chief Executive of the Financial Conduct Authority, to resign after the watchdog sent their shares into freefall by making a misleading announcement about an industry probe, the Sunday Times said. The Association of British Insurers is expected to write
30 Mar 14 16:53LONDON, March 30 (Reuters) - Martin Wheatley, chief executive of regulator the Financial Conduct Authority (FCA), is facing calls for his resignation after a gaffe that wiped billions of pounds from the value of insurance companies, the Sunday Times newspaper said. The newspaper said the As
30 Mar 14 14:43LONDON, March 29 (Reuters) - The head of the UK parliament's Treasury Committee on Saturday described as an "extraordinary blunder" the leak of a planned review by the financial services watchdog into the life insurance industry, which sent shares in insurers tumbling. The Financial Conduct
29 Mar 14 14:51
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