Markets

Outsourcing giant Capita has made no further provision for Arch cru liabilities in its latest set of results.

The UK economy never experienced a 'double-dip' recession, if offshore oil figures are stripped out of the data, said Henderson Global Investors' economist Simon Ward.

UK GDP contracted 0.3% in the last quarter of 2012, according the second reading of the data.

Europe's leading equity markets took a beating yesterday as elections in Italy resulted in political deadlock.

The On-Line Partnership Group, which owns the IN Partnership and Whitechurch networks, has signed a strategic partnership with London & Capital (L&C), making the discretionary's range of managed portfolios available to its 500 advisers.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

The Bank of England's deputy governor Paul Tucker has raised the prospect of introducing negative interest rates to boost lending and support the UK economy.

The UK should still be a AAA credit by current definitions as the risk of a default is virtually non-existent, Henderson's Simon Ward has said.

Moody's has cut its rating on the guaranteed debt of Barclays and Lloyds following the downgrade of the UK's credit rating last week.

Royal London Asset Management's Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.