Economics

The eurozone faces a "mild" recession in the first half of next year, restricting full-year economic growth in the region to just 0.1%, according to Ernst & Young.

Schroders' star stockpicker Richard Buxton has apologised to investors in a conference call after his fund plunged down the rankings this year.

The FTSE 100 was trading 1.8% lower at 3pm as US markets slipped at the open following a poor Italian debt auction and signs of division re-emerging among eurozone leaders.

Resolution founder and chairman Clive Cowdery has bought a further stake in the consolidation vehicle.

Legal & General Investment Management's top performing bond manager Richard Hodges is preparing his £1.8bn Dynamic Bond trust for more pain and heighted volatility to come next year.

Heavy selling of the euro saw it tumble through the $1.30 mark versus the US dollar late this morning, to its lowest level since early January.

UK unemployment rose by 128,000 in the three months to October to 2.64 million, the highest level since 1994.

Income investors have endured a lot of headwinds in 2011, but as we approach a new year, Cazenove's Income fund manager Matt Hudson said a number of sectors still face challenges.

Markets around the world closed down overnight as further signs European leaders will fail to agree a new treaty emerged.

Bank of England chief economist Spencer Dale has predicted inflation will fall to around 3% early next year and is confident the latest round of quantitative easing will prop up the economy.