Economics

The UK economy officially grew by 0.5% in Q1, according to the Office for National Statistics'(ONS) third and final estimate for the period.

Britain faces a wave of home repossessions when interest rates begin to rise again, one of the country's leading bankers has warned.

US markets got off to a mixed start Monday as European nations continued to debate the future of Greece.

Brent crude is trading at a four-month low following the International Energy Agency's (IEA) decision to boost oil supply last week.

RWC Partners' Peter Allwright has warned UK markets are heading for another 2008-style crash as the country enters a new phase of deleveraging.

Group's CIO says QE has led to decline in domestic demand and could spark downturn.

Barclays Wealth has warned US markets are set for a correction following a sharp decline in its manufacturing industry.

US Gross Domestic Product (GDP) increased at an annual rate of 1.9% in Q1 2011, marginally up from a previous estimate of 1.8%.

The UK banking sector faces a further shake-up as the BoE's Financial Policy Committee (FPC) recommended an audit on banks' exposure to eurozone debt, as well as recommending cuts in dividends and bonuses.

The FTSE 100 jumped 1.5% this morning, reversing the losses of yesterday afternoon's session.