Markets

Christine Lagarde, managing director of the International Monetary Fund (IMF), has warned failure to raise the debt ceiling could be far worse than the current US government shutdown.

Barclays will sell £300m of leftover stock on the open market today after almost 95% of shareholders took the opportunity to buy up discounted shares during its rights issue.

A simple typographical error boosted Spain's 2014 public debt forecast by €10bn (£8.4bn), the government has admitted.

Former New Star marketing director Richard Wilson is to join Jupiter as head of marketing next month.

Aviva and Aberdeen Asset Management sat atop the FTSE 100 leaderboard on Thursday morning but the wider market remained subdued.

David Jane has ramped up Japanese equity and REIT exposure in the TM Darwin Multi Asset fund, following the sell-off in May.

The majority of Asian markets have risen this morning despite no progress over talks aimed at ending the US government shutdown.

Prime Minister David Cameron has pledged to continue cutting taxes for what he calls the "hardworking people in our country".

Equities were the best-selling asset class in August for the fifth month in a row, with over £1bn in inflows, according to the latest Investment Management Association (IMA) statistics.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.