Economics

The share price of Standard Chartered plummeted this morning after the bank announced a 16% drop in operating profit in the third quarter.

Climbing the wall of worry

UK GDP growth stood at 0.7% in the third quarter, according to the Office for National Statistics (ONS), down from 0.9% in Q2 but in line with economists' expectations.

Going green with tougher environmental regulation

Mohamed El-Erian, the former PIMCO chief executive who famously quit the firm after falling out with founder Bill Gross, has invested in the peer-to-peer lending industry.

The Bank of England's Monetary Policy Committee remained split 7-2 against raising interest rates this month but took a gloomier view of the country's economic prospects.

The S&P 500 has risen by 2% overnight as US stocks continue to rally from the lows sustained last week.

Markets across Europe have rallied this morning following confirmation the European Central Bank (ECB) has started buying covered bonds.

The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.

Shares in Tesco topped the FTSE 100 leaderboard in morning trading, providing some relief for investors as the wider market slipped back once again.