Property and casualty unit weighs on Allianz

Net income more than doubled in the third quarter at Allianz, Europe’s largest insurance group, but said its property and casualty business continues to operate below normal levels

• Lex: Allianz
• Allianz statement

Axa Asia Pacific rejects $10bn offer

Axa Asia Pacific, the Australian-listed asset manager, rejects an $10.2bn takeover bid from Australia’s AMP, saying the cash and shares proposal undervalued its business

Trinity looks to shut final-salary pension

The publisher of the Daily Mirror and many regional newspapers told staff it was beginning consultations on plans to close its final-salary pension scheme

Walker tempers view on non-executives

Sir David Walker will temper his demand that banks’ non-executive directors must all spend the equivalent of a month a year on the job. This follows heavy lobbying from banks and investors

Invicta Capital plans £300m fund

Invicta Capital, which provides investment opportunities for private clients, is seeking to raise a new £300m fund dedicated to the construction and operation of biomass combined heat and power plants in Scotland

Lex: Tobin or not Tobin

The Tobin tax or levy on financial transactions has, in reality, gone through several mutations and it should remain a curiosity of economic history

Investment team still key at Barclays despite fund closure

As Barclays beefs up its pension fund investment team following the closure of its final salary scheme we take a closer look at its strategy

Call centre investors seek 'social return'

Social investors are putting £1.3m into Call Britannia, a call centre business that will give jobs to the long-term unemployed. The innovative deal introduces...