Economics

Supermarkets are weighing on the FTSE 100 index today as worries escalate over price wars between the UK's leading food stores.

Fund management staff earning more than €1m at UK banks saw pay almost double in 2012, according to European Banking Authority (EBA) data.

Chancellor George Osborne is to highlight a forthcoming sale of Lloyds Banking Group shares to retail investors in the Autumn Statement, according to reports.

Howard Archer, chief UK and European economist at IHS Global Insight, has tipped Chancellor George Osborne to up the UK's GDP growth outlook and reveal a reduction in the deficit next week.

The European Central Bank has warned QE tapering by the Federal Reserve may cause a significant market shock for the eurozone.

Sterling rose against the US dollar in morning trading after the second reading of the UK's economic growth rate confirmed an increase of 0.8% in the third quarter, in line with analysts' expectations.

Royal Mail's share price jumped by more than 5% in early morning trading after the company reported a significant jump in profits thanks to a number of one-off gains.

The Royal Bank of Scotland is facing a criminal investigation over allegations the bank forced small businesses into default, according to reports.

Royal Mail reported a significant jump in profits this morning thanks to a number of one-off gains, as it posted its first set of results since listing.

The price of Brent crude oil has fallen as much as $3 per barrel, following a deal between Iran and other major world powers on nuclear activities.