News

The International Monetary Fund (IMF) has cut its forecast for the UK economy, now warning it faces a hefty contraction this year, as part of a downgrade of most nations globally.

Barclays has bought ING Direct UK in a deal which has given it £10.9bn in customer deposits and a £5.6bn mortgage book.

The banning of marketing "packages" between providers and advisory groups would bankrupt most networks and support service providers, Threesixty managing director Phil Young said.

OBSR founders Richard Romer-Lee and Nigel Whittingham have left Morningstar OBSR to take a career break from the industry.

The Conservative government will not introduce a 'wealth' or 'mansion' tax on the rich, but will step up its pursuit of those who are not paying the taxes they should, Chancellor George Osborne said today.

Liquidity in the corporate bond market will never recover to 2007 levels because investment banks are now so risk averse, according to Legg Mason's global bond manager Ian Edmonds.

Independent financial adviser Paradigm Group is to launch an asset management business offering discretionary fund management services.

Veteran investors Jim Rogers and 'Dr Doom' Marc Faber have clashed over the merits of investing in Chinese equities.

London's leading index lost ground in morning trading as investors braced for a round of woeful reports from the third quarter earnings season.

The IMF is expected to cut its forecast for UK growth in 2012 by 0.3 percentage points this week, from 0.2% to -0.1%, as part of a series of downgrades.