News

Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.

Thousands stuck in property funds as Standard halts exits

Investors wishing to remove their money may have to wait six months

Market Report: Friends Provident proves popular on bid talk

Friends Provident was strong last night amid talk of possible bid interest from Resolution, Clive Cowdery's investment vehicle that it is due to list on the London market next week. Citing reports of heavy institutional interest in the IPO, traders speculated that Resolution might secure enough funding to go after Friends.

Investors face a vicious circle of penalties if they withdraw their cash

Investors in with-profits funds have been warned of a "vicious circle" of bonus cuts and penalties should they choose to withdraw their money.

Geraint Jones: Jeepers keepers

Kent's former England wicketkeeper Geraint Jones finds refuge from the pressure of cricket by also being a pig farmer. Will Hawkes chews the fat with him before today's Friends Provident final

South African cricketers aim for Lords glory

They dreamed of such an event, such a special day long, long ago as boys back in South Africa. Saturday at Lords, the home of cricket in the heart of London, three South African players will fulfil the ambition of a lifetime by playing in front of a full house at the famous old ground.

Profits dip at Friends Provident as sale of Lombard unit stalls

Friends Provident is finding itself struggling to sell its Lombard wealth management business, because potential buyers are having trouble raising cash in the credit crunch.

The Week Ahead: More banks to reveal damage done by crunch

It is the turn of Britain's international banks to unveil the damage done by the credit crunch in the first half of the year.

Friends Provident to reveal if there are any takers for sell-offs

Friends Provident chief executive Trevor Matthews will this week reveal whether the ailing insurer plans to continue with the sale of its stake in its F&C asset management and Lombard wealth arms, both of which went on the market earlier in the year.

Market update - 23 July

The FTSE 100 was up 68 points at 5432.1 at 11:57 am this morning. The banking sector was strongest and HBOS was the subject of a round of bid rumours – Britain’s largest mortgage lender advanced by more than 10 per cent or 26.75p to 287.75p as traders citied talk that BBVA, the Spanish banking group, was mulling an offer. The talk comes only days after Santander, another Spanish bank, approached Alliance & Leicester, which was up 7.5p at 335p this morning. The rumours bore few details, suggesting only that BBVA may be raising money to mount a bid in the coming weeks.

Insurer may be running short of friends

Friends Provident's chairman, Sir Adrian Montague, will come under renewed pressure this week, with the group's proposed sell-off of asset management division F&C, high-end insurance arm Lombard and wealth manager Pantheon now thought to be in grave doubt.

Bloodletting put the Life back into Standard

He sold £7.5bn in shares and cut 5,000 jobs. But Sandy Crombie has finished with his scalpel, he tells Simon Evans

Friends Provident: Bresnan comes up short as McKenzie paces Durham

Durham Dynamos got their Friends Provident Trophy defence off to a winning start yesterday with a nail-biting five-run win over Yorkshire, who had Tim Bresnan to thank for a memorable comeback at The Riverside.

Friends shares fall after Flowers refuses to increase £3.5bn bid

JC Flowers has given Friends Provident until Friday to enter talks and made it clear that it will not raise its £3.5bn takeover proposal for the insurer. Friends Provident is sticking to its assertion that Flowers' proposal is not a basis for discussions.

Sport
Alexis Sanchez has completed a £35m move to Arsenal, the club have confirmed
sportGunners complete £35m signing of Barcelona forward
Voices
Poor teachers should be fearful of not getting pay rises or losing their job if they fail to perform, Steve Fairclough, headteacher of Abbotsholme School, suggested
voicesChris Sloggett explains why it has become an impossible career path
Sport
world cup 2014
Sport
Ray Whelan was arrested earlier this week
Arts and Entertainment
In a minor key: Keira Knightley in the lightweight 'Begin Again'
film
Arts and Entertainment
Celebrated children’s author Allan Ahlberg, best known for Each Peach Pear Plum
books
News
peopleIndian actress known as the 'Grand Old Lady of Bollywood' was 102
News
Wayne’s estate faces a claim for alleged copyright breaches
newsJohn Wayne's heirs duke it out with university over use of the late film star's nickname
Life and Style
It beggars belief: the homeless and hungry are weary, tortured, ghosts of people – with bodies contorted by imperceptible pain
lifeRough sleepers exist in every city. Hear the stories of those whose luck has run out
News
Mick Jagger performing at Glastonbury
people
Career Services

Day In a Page

Independent Travel Shop See all offers »
India and Nepal
14 nights from £2,159pp Find out more
Dutch Masters
five nights from £679pp Find out more
La Robla and Rioja
nine nights from £1599pp Find out more
Classical Spain
six nights from £539pp Find out more
California and the Golden West
14 nights from £1,599pp Find out more
Bruges
three nights from £269pp Find out more
A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice