Economics

The UK is heading for zero average GDP growth over the next five years, according to the chief strategist at Arbuthnot Securities.

(Updated) The FTSE 100 was well below 5,100 late morning as investors sold off shares following the Fed's latest move to stimulate the US economy.

Rathbones Unit Trust Management has unveiled a Strategic Bond fund to be managed by Bryn Jones.

Operation Twist - the Federal Reserve's latest attempt to boost economic growth in the US - sent markets globally tumbling overnight, with major indices in the US and Asia shedding up to 3%.

Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.

The Federal Reserve will not pump extra money into the ailing US economy, but policymakers last night unveiled a new scheme which they hope will stimulate growth.

London's blue chip index remained in the red mid-afternoon despite gains in the US, with investors cautious ahead of the all-important meeting of the Fed in the US.

The case for further QE in the UK "significantly strengthened" in the past month, with any repeat of recent economic woes likely to lead to further stimulus, the MPC has said.

The FTSE 100 dipped in early trading after a muted session for markets overnight, as investors await news on quantitative easing in the US and the UK, and as the European Union's Greek bailout talks continued.

WHY EM DEBT COULD BE NEXT BIG SHORT