Markets

London's leading share index has opened flat in early trading, with investors cautious as Greek default fears resurface.

London is set to lose its much revered position as the world's largest financial centre following the credit crisis and subsequent increase in regulation.

US stock markets saw a third consecutive day of losses following Barack Obama's victory in the presidential election this week.

The Bank of England is to hand the Treasury the interest it receives on its QE asset purchases, a move that reduces pressure on Chancellor George Osborne ahead of the Autumn Statement.

Threadneedle topped the UK net retail sales chart in Q3 2012 as investors - including John Chatfeild-Roberts' Jupiter Merlin multi-manager team - moved back into Europe, according to the latest Pridham Report.

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing after recent data showed the UK exited recession in the third quarter.

Guinness Asset Management has launched a new share class for its Global Equity Income fund, offering a TER of 0.74% that it says is the lowest in its IMA peer group.

Personal Finance Society (PFS) chief executive Fay Goddard is to retire next near after five years in the job.

The man in charge of ensuring Britain's financial stability has warned MPs current plans to make banks safer do not go far enough, the Independent reports.

The Dow shed more than 300 points in yesterday's session as investors questioned re-elected President Barack Obama's commitment to dealing with the US fiscal cliff.