Economics

A paper being reviewed by the House of Lords has launched an attack on the Investment Management Association, saying it is ill-equipped to decide on sector classifications, and the job should fall to a more impartial body.

BlackRock's Bob Doll said stock prices need to rise and bond prices need to fall before American investors will buy US stocks again.

Miners dragged the FTSE 100 down this morning after Australia cut its economic growth forecast, with investors also nervous ahead of key US jobs data.

Graham Ashby has swapped 20 of the 50 stocks he inherited on the Ignis UK Equity Income fund in favour of stocks he prefers such as BSkyB and Petrofac.

Lord Norman Lamont, former Chancellor of the Exchequer, has blamed the Bank of England's low interest rate policy in the mid-2000s as the "biggest single contributory factor" of the 2008 crisis.

LinkedIn shares rocketed nearly 10% overnight after the business-focused social networking site posted bumper quarterly profits yesterday.

Facebook has set the price range for its shares in what will be Silicon Valley's largest IPO, giving the social network a market value close to that of Amazon.

US stocks ended the day firmly lower on Thursday, after the ISM services sector purchasing managers´ index for the month of April disappointed.

Leading UK think-tank NIESR has warned rising unemployment, which could hit 9% by the end of the year, will do permanent damage to the UK's productive capacity.

GREEK CRISIS