News

Facebook has set the price range for its shares in what will be Silicon Valley's largest IPO, giving the social network a market value close to that of Amazon.

US stocks ended the day firmly lower on Thursday, after the ISM services sector purchasing managers´ index for the month of April disappointed.

Nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of the £163bn in emergency loans it took from the UK government, and will resume paying dividends on its preference shares.

Leading UK think-tank NIESR has warned rising unemployment, which could hit 9% by the end of the year, will do permanent damage to the UK's productive capacity.

Insurance firm Aviva has suffered an embarassing blow after more than half its shareholders voted against its proposals on executive pay at its annual general meeting today.

Société Générale strategist Albert Edwards has warned investors who own Australian government debt they face the 'mother of all hard landings' if China's economy slows down as they expect.

Net retail sales for Q1 2012 have slumped considerably compared to the two previous years, according to the Investment Management Association (IMA).

Berry Asset Management's Mark Robinson has been increasing exposure to the US market in the view it is unlikely to fall back into recession.

Standard Life Investments' top performing UK equity manager Ed Legget has trimmed his banking exposure, taking profits on RBS after a strong first quarter.

The FTSE 100 was in positive territory in early trading as investors across Europe pushed indices higher in reaction to Spain's successful bond auction.