Economics

Moody's decision to strip the UK of its AAA credit rating on Friday night will have a further negative impact on sterling and could hit gilts too, analysts have suggested.

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

Financier Nathan Rothschild has lost his high profile battle to replace the board of coal miner Bumi.

US shares fell for the second day running overnight as investors continued to take profits after the recent run-up to multi-year highs.

The FTSE 100 tumbled nearly 2% in morning trading after the US Federal Reserve spooked markets yesterday by warning it may slow its asset purchase programme.

Goldman Sachs has taken Barclays off its buy list following the unveiling of the bank's restructuring plans last week, pushing additional pressure on its shares.

US markets fell yesterday after minutes from the latest FOMC meeting revealed concern over the impact of further QE, while disappointing housing data also hit shares.

Odey Asset Management has confirmed the launch of a UCITS version of Crispin Odey's flagship hedge fund strategy, as first revealed by Investment Week.

Pressure is mounting on the boss of Lloyds to give up his bonus after the bank was rocked by yet another hit relating to a mis-selling scandal.