Economics

Italian prime minister Silvio Berlusconi faces renewed calls to resign after he failed to secure a parliamentary majority in a budget vote among MPs.

The Investment Management Association(IMA) has created new Short Term Money Market and Money Market sectors.

Despite Lloyds posting losses this morning of £3.9bn for the year to date, Cavendish's Paul Mumford has urged investors to snap up shares in the bank as he said they could double in value in the next five years.

Bill O'Neill, chief investment officer at Merrill Lynch Wealth Management, has attacked exchange traded funds (ETFs) for adding to the volatility they aim to avoid.

John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed.

US and Asian markets were mixed overnight as fears Italy could become the next victim of the eurozone crisis grew.

MPs on the Treasury Select Committee have called on governors at the Bank of England to serve a maximum of eight years before stepping down.

M&G stars including Richard Woolnough and Jim Leaviss helped the group rake in over £1bn of new money in the third quarter, keeping it in top spot in the retail sales charts.

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for PPI claims.

Ex-New Star fund manager Patrick Evershed has started his case for constructuve dismissal against his former employer.