Economics

Schroders recorded third quarter pre-tax profits of £121.6m, it said today, a 37% increase from £88.6m in Q3 2012, as the impact of the acquisition of Cazenove boosted its numbers.

Bill O'Neill, head of chief investment office of wealth management research UK at UBS Wealth Management, has warned there are three key 'nasties and traps' to watch out on the way to global economic recovery.

Economic thinktank the National Institute of Economic and Social Research (NIESR) has forecast the economy will grow by 1.4% this year.

The UK will be the fastest-growing Western economy next year, according to a survey by accountancy firm Grant Thornton.

Our best read story this week was Halloween-themed, as we revealed the ten scariest stocks in the UK, guaranteed to give you nightmares.

RBS shares have fallen by as much as 7% after the bank warned its internal good bank/bad bank split would see it incur a multi-billion pound charge in its full-year results.

Royal Bank of Scotland today reported a loss of £634m before tax in the third quarter, undershooting estimates by some way, while it also announced plans to create an 'internal' bad bank to run down its book of bad loans.

The US Federal Reserve has yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.

Shares in oil giant BP shot higher this morning, lifting the wider market, after the group pleased investors by raising its dividend.

Shares in Henderson Global Investors have been cut to a sell by analysts at Shore Capital after a dramatic surge in price this year left them trading well above their historic average.