The former Enron bosses Kenneth Lay and Jeffrey Skilling were yesterday convicted for fraud. Both men now face the prospect of spending the rest of their lives in prison.
The convictions are a victory for the US government, which was brought under great pressure to hold individuals to account for the collapse of what was […]

UK consumers are spending less on the High Street, and economic growth is slowing as a result.
The Office for National Statistics revised down its initial growth estimate of 0.64 per cent to 0.56 per cent, although the published figure was unchanged at 0.6 per cent.
The figures showed a leap in manufacturing output and business […]

Parents set to blow £571.5m entertaining their kids over half term. Paula John ponders the wisest way to spend this money
The UK’s Mums and Dads are preparing to fork out £571.5m on DVDs, video games and junk food, in order to keep their little darlings happy during the next half-term holiday. According to research […]

Despite well-publicised demutualization decisions in recent years by the likes of Abbey and most recently, Standard Life, new research shows consumers don’t even know what it all means anyway. Pauline McCallion finds out more
The British public seem to be largely uninformed about mutual status and what it means, According to the Association of Mutual […]

Women are set to get a better deal on pensions under new plans from the Government. Andrew Partridge reports
Work and Pensions Secretary John Hutton has revealed that the Government plans to “end injustice” for women in its reforms to the UK’s pensions system.
Under the Government’s new proposals, put forward by John Hutton at a […]

Two of the City of London’s star fund managers have expressed dramatically different views on the recent stock market declines.
Anthony Bolton of Fidelity cautioned that share prices were likely to fall further over “months rather than days”, while Stephen Whittaker of New Star has predicted “double-digit returns by the end of the year”.
Bolton, who […]

Millions of women due to retire over the next four years will fail to benefit from improved State pensions to be revealed by the Government today.
According to the Conservative party, new rules requiring workers to make 30 years of National Insurance contributions in order to qualify for a full basic State pension would benefit […]

Reuters plans to invest £230 million in its two UK pension funds via over the next two years.
The cash injection should make up for most of the £265 million deficit the information services company recorded last year.
Reuters announced yesterday that it would pay £188 million into the two final-salary pension funds this year and […]