Three men face fines of up to £80 million for misleading clients by convincing them to invest in “death bonds”.
Worldwide dividend income paid to shareholders increased by 11% in 2014, reaching a record high of $1.167 trillion. The report, which was published by Henderson Global Investors suggested that companies in the US paid the largest share of dividends, at a total of $52 billion.
Investors are being warned by Banking Regulators to avoid Channel Offshore Bank, which is claiming to operate in the Channel Islands.
Standard Life shareholders are set to receive a share of a £1.75bn windfall, after the insurance and investments company sold the Canadian side of its business to Manulife.
The sale of assets will mean that Standard Life will no longer retain their insurance and investments business within Canada. However, they will still work with Manulife to sell their products in Canada, the US and Asia.
The Financial Conduct Authority (FCA) is set to investigate around 30 million financial policies, all of which penalise customers for switching providers.
The investigation will proceed on the basis that there are concerns over customers being subjected to “unfair” conditions.
Twitter shares have been priced at $26 per share ahead of its stock market debut valuing the company at more than $18bn (£11bn).
The $26 per share listing is higher than the initially announced range of $23 to $25 announced on Monday with short messaging social media service set to be placed on the New York Stock Exchange (NYSE).
Burberry Chief Executive Angela Ahrendts is to join technology giant Apple as the 'Senior Vice President of Retail and Online Stores'.
The move was an unexpected one, with Ahrendts spending almost a decade at Burberry and being viewed by some as CEO material. However, Ahrendts, who led Burberry to revenue growth of 14% last year has decided to take on the challenge at Apple, whose sales have slowed significantly in recent years as the technology market has become more competitive, with key players such as Samsung taking a significant market share.
Royal Mail shares rocketed by as much as 38% at the start of conditional dealings, peaking at 456p per share, from an original pricing of 330p per share.
The first day of conditional dealings of Royal Mail shares on the London stock exchange saw shares rocket, pricing the company at over £3.3 billion, raising debates that the privatisation of the Royal Mail was undervalued.
According to reports from the BBC, Royal Mail is expected to reward smaller investors who subscribe to the minimum investment of £750 whilst setting a maximum cap of £10,000, meaning bigger investors will likely be shunned.
Essentially, anyone who applies for the minimum entitlement of £750 will be guaranteed to receive 100% of their allocation.
Twitter are planning to join the stock market in what looks to be one of the most followed stock market flotationâ??s since Facebookâ??s IPO (initial public offering) in 2012.