Orphan assets plan defended
Insurance company Axa yesterday invoked the spectre of the Equitable Life crisis as it defended its decision to hand over only a small chunk of its £1.7bn surplus ca...
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Russian authorities drop 'Kremlingate' inquiry
The "Kremlingate" corruption investigation - concerning the payment of kickbacks to the family and entourage of the former president, Boris Yeltsin - was closed yesterday...
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Equitable chaos prompts FSA warning to investors
Small investors may in future be warned to take care before investing in one of the country's most popular types of investment fund.
The Financial Services Authority is...
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How Britain's thick red line could put talks in deadlock
Just over two years ago, in what now seems a much more ambitious era for European federalists, the German finance minister, Oskar Lafontaine, gave a briefing in the margi...
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Emap chief quits to atone for US debacle
The chief executive of Emap, Kevin Hand, yesterday bowed to investor pressure and stood down from the magazine and radio group as payment for leading its disastrous foray...
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Insurance standards code rendered toothless
A new code from the insurance industry that sets out the minimum standards that customers should expect when making claims looks to be something of a paper tiger.
The co...
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New family tax credit not child's play
Families expecting to qualify for the new Children's Tax Credit should be sorting out their paperwork with the Inland Revenue now. The credit, which starts in April, is e...
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Try Channel-hopping shopping this season
We all love a bargain and, since we are still taxed towards sobriety, shopping in Calais remains the best tonic to raise the British spirit.
Duty Free may have gone, an...
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Labour extends Tory private finance scheme
If critics of the private finance initiative (PFI) held any hope that the scheme would be abandoned by Labour when it came to power, they were soon dashed.
The initiativ...
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Post office closures at record high
The rate of closure of sub-post offices is accelerating rapidly, despite promises by the government to find them new business and reverse their collapse.
Figures for th...
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Hospitality & Tourism 
