Economics

Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.

Billionaire investor Warren Buffett has compared the Federal Reserve to a giant - and successful - hedge fund, after the central bank opted not to taper its asset purchase programme on Wednesday evening.

The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.

Q&A

The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.

The prospect of today's tapering announcement from the US Federal Reserve kept action in the FTSE 100 to a minimum in morning trading.

Royal Bank of Scotland(RBS)could make a decision on the sale of its 315-branch Project Rainbow business this week, amid reports one of the three bidders for the unit has had its offer rejected.

GLOBAL