UK

Invesco Perpetual's Mark Barnett has warned the present financial crisis is worse than the turmoil seen in 2008 when Lehman Brothers collapsed.

The FTSE 100 dipped in early trading after a muted session for markets overnight, as investors await news on quantitative easing in the US and the UK, and as the European Union's Greek bailout talks continued.

"The future is not about equities, the future is about income." So said Stephen Drew, head of credit at Thames River, at the group's annual investment conference last week.

Lack of financials exposure helps sector outperform other peer groups over one year but headwinds are building.

WHAT WOULD BUTCH AND SUNDANCE DO?

Managers who feared lower rates for longer shine, while optimists lose out following months of turmoil in global markets

UK output softened in the three months to August, and if the economy weakens further it will pave the way for more QE, according to the National Institute of Economic and Social Research (NIESR).

Spending by English football's top clubs hit £485m this summer, back near the highs seen in 2008.

Fund groups are making millions of pounds by lending out client money to speculators, new research from wealth manager SCM Private has claimed.

The British Chambers of Commerce (BCC) has slashed its forecast for UK GDP growth this year for the third time as the economy continues to wane.