Markets

UK GDP is confirmed to have risen 0.7% in Q3 - but the Office for National Statistics (ONS) has revised down a string of recent annualised growth figures.

The UK's current account deficit widened faster than expected in the third quarter to reach a record high of £27bn.

Saudi oil minister Ali al-Naimi, the most significant voice in the OPEC cartel, has said the group will not cut production even if the price of oil falls to $20 a barrel.

The Financial Reporting Council (FRC) is to investigate several years' worth of Tesco financial statements following the revelation the supermarket overstated profits earlier this year.

Matthew Tillett from Allianz explains why he has been buying oil majors on weakness and taking advantage of illiquidity.

Former Schroders manager Giles Money has joined PIMCO's global equity team.

The government has recovered a further £1.3bn from the Landsbanki estate in Iceland, which operated as Icesave in the UK, following its collapse at the height of the financial crisis.

Vladimir Putin has said Russia could take as long as two years to recover from its burgeoning economic crisis.

2014 was a great era for merger and acquisitions, but managers expecting another bonanza year should think again - M&A activity will likely be more subdued next year, says AXA Framlington's Jamie Forbes-Wilson.

A hawkish statement from the Federal Reserve has been perceived by markets as another step towards an interest rate rise, although it is unlikely to come before April 2015.