Economics

Cazenove's head of pan-European equities Chris Rice has warned investors piling into safe havens such as bunds are at risk from a huge policy response in Europe.

The International Monetary Fund (IMF), headed by Christine Lagarde, has urged the UK to consider introducing more quantitative easing and cut interest rates.

Philip Clarke, the chief executive of Tesco, has opted not to take his £372,000 annual bonus because of the group's poor performance in its core British market.

Inflation in the UK dropped in April, beating the consensus forecast.

Markets across Europe have risen on hopes EU leaders may agree new measures to tackle the debt crisis at the NATO summit this week.

David Cameron has reassured British savers worried by the a raft of downgrades of Spanish banks, describing British banks as well regulated and well capitalised.

Marks and Spencer has reported a fall in annual profits for the first time in three years as trading conditions worsen for high street retailers.

The Court of the Bank of England has commissioned reviews into the Bank of England's provision of liquidity to the banking system during the financial crisis and its forecasting abilities.

Shares in newly-floated social media giant Facebook dived over 13% today as investors sold off stock following what had been one of the most anticipated IPOs in recent years.

Barclays has put its $6.1bn stake in US fund manager BlackRock up for sale in a surprise move.