Markets

The eurozone has officially entered recession, the latest GDP data shows, as growth in core economies was offset by a surprisingly weak figure from the Netherlands.

Resolution Group has reported new business of £138m for the first nine months of the year, up 45% from £95m for the same period last year, led by the company's UK operations.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

US indices slumped overnight as prospect of politicians at loggerheads over the fiscal cliff continued to worry investors.

Investec has reported its results for the half year to 30 September, a period which saw its business impacted by a depreciation in the South African rand.

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

European markets were flat in mid-morning trading today as investors paused for breath amid fresh rumours Spain is about to request an official bailout.

Invesco Perpetual's Neil Woodford said he is sticking by his significant weighting to tobacco stocks despite concerns over earnings momentum and new packaging rules putting pressure on share prices.

Liontrust Asset Management has reported its ninth consecutive quarter of fund inflows even as it posted an interim loss relating to its acquisition of Walker Crips AM.