Economics

Official figures showing UK corporates' share of GDP is at its lowest level since 1984 cast doubt on claims that UK plc will drive the economic recovery, Citigroup analysts have suggested.

A law firm has told Arch cru investors it is unlikely they will end up receiving the entire £110m redress the Financial Services Authority (FSA) is expecting advisers to pay out.

Standard & Poor's has raised its credit rating on Greece from Selective Default (SD) to CCC.

Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.

Home Retail Group - the UK domestic stock backed by Schroders' Richard Buxton and Fidelity's Sanjeev Shah - has reported a 60% drop in profits at its Argos chain, sending shares lower this morning.

BSkyB has announced record nine-month profits this morning, in the same week that saw MPs label major shareholder Rupert Murdoch "unfit" to run an international media group.

Henderson Group today reported growth of more than £2bn in assets under management for the first quarter of 2012 as market gains offset outflows.

UBS shareholders including F&C are set to rebel against the Swiss bank's proposed pay packages for its top executives, echoing the moves taken by Barclays shareholders last week.

The Dow Jones Industrial Average closed at a four-year high last night as investors flock to US stocks amid the resurgence in the country's economy.

SWIP's director of real estate Malcolm Naish is to retire at the end of June.