Equities

BP has raised its dividend by 12.5% to 9c a share, but reported a fall in profits in the third quarter.

London's FTSE 100 had sold off around 0.6% just before US GDP figures were released on Friday, with mining stocks bearing the brunt of the sell off.

Apple, the world's largest company, revealed profits in the fourth quarter missed analysts' estimates, prompting a share price drop of 1.5% in after-hours trading.

Markets across the US and Asia closed sharply lower overnight as investors switched to risk-off mode en masse.

Facebook, the social networking giant, saw its shares jump 14% after the US market closed yesterday following an update from the group which showed a major revenue boost from mobile ads.

European equities are failing to bounce back from yesterday's falls this morning as poor earnings and macro concerns hit home.

Schroders' head of UK equities Richard Buxton says market timing has never been more essential, with the FTSE 100 set to remain stubbornly range-bound over the medium term.

BLACK MONDAY

BLACK MONDAY

With equity markets more volatile than ever, and safe havens around the world looking vulnerable to a correction, investors have more things than ever to fret over as they try to steer portfolios through the turmoil.