Economics

Kames Capital's Bill Dinning said the ECB needs to urgently introduce quantitative easing to avoid a situation that would make the Lehman Brothers collapse look like "child's play".

The UK has a seven-in-ten chance of slipping back into recession unless European leaders can find a resolution to the debt crisis, a new report argues.

Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.

Aberdeen Asset Management has moved to make its Infrastructure fund more exposed to emerging market listed companies as part of an overhaul of its offshore range.

US shares moved higher at opening having seen heavy falls Tuesday, as positive jobs data boosted prices.

Kames Capital's Phil Milburn said Greece should be forced to leave the euro and Portuguese and Irish defaults pushed through as he outlines his solutions for the eurozone debt crisis.

Fidelity's star bond fund manager Ian Spreadbury has warned some parts of the bond markets are under more pressure than during the height of the credit crunch.

NO QUICK FIX TO GREEK TRAGEDY

THE EUROPEAN CRISIS EXPLAINED

The chief executive officer of part-nationalised British lender Lloyds Banking Group, Antonio Horta-Osorio, is taking a leave of absence for health reasons, a source with knowledge of the matter said according to reports.