Ratings agency Fitch has said the updated fiscal and economic projections from the UK's Office for Budget Responsibility mark a "significant deterioration" in prospects.

The IMA will create a Global Equity Income sector with effect from 1 January 2012 and is looking at a European Equity Income sector.

The government has said it will not issue CPI-linked gilts in 2012-13, saying the move would not be cost effective and would involve "a number of risks".

The Office for Budget Responsibility has revised public sector net borrowing forecasts even as Chancellor George Osborne proclaims the effect of falling gilt yields.

AMR Corp, the parent company of American Airlines, has filed for bankruptcy after it failed to cut costs via new contracts with workers.

US markets have opened 3% higher as investors pin their hopes on the latest promise of eurozone action in the shape of tighter budgetary controls.

Close Asset Management fixed income head Mark Parry has joined Aberdeen as a senior investment management within its multi-asset team.

Italian footballers have given their support to a day of national action aimed at pushing down yields on the country's debt and improving its public finances.

Former Liontrust CEO Nigel Legge's new fund management venture Vinculum is to launch its first offering, based on a 'no outperformance, no fee' proposition.

AIM-listed companies are targeting 12-month revenue growth rates double those of their FTSE counterparts, according to a PwC study.