Economics

The UK's prized AAA credit rating has been put on "negative outlook" by Fitch, the second ratings agency to warn of a possible economic downgrade.

Tom Dobell, manager of M&G's £8bn Recovery fund, has revealed two stocks he wishes he had never added to the portfolio.

Pension funds are uninterested in the Chancellor's rumoured 100-year gilt issue and have called for other maturities to be issued insted.

Leading bond fund manager Jim Leaviss has questioned why investors - other than pension funds - should be interested in 100-year gilts, amid reports the Chancellor is gearing up to unveil them next week.

A Goldman Sachs executive has quit after criticising the "toxic" and "destructive" culture at the investment bank.

Chancellor George Osborne is considering launching a new super long dated gilt running with a maturity of 100 years, according to reports.

The Dow Jones soared to its highest level since December 2007 yesterday, despite the news four banks had failed stress tests.

The Financial Services Authority (FSA) is taking a closer look at firms operating as Authorised Corporate Directors (ACD), after warning of potential conflicts of interest.

The UK economy is perpetually subjected to shocks and pressures, rendering hopes of maintaining financial stability indefinitely "over-optimistic", Monetary Policy Committee (MPC) member Paul Fisher said last night.

Eurozone finance ministers have signed off a second bailout for Greece, paving the way for the first €130bn package this month that aims to finance the country until 2014.