News

The US economy expanded by less than forecast at 2.8% in the fourth quarter of 2011, official figures have revealed.

Burberry has been named the best stock to buy in 2012 by Kames Capital's head of UK equities, Stephen Adams.

Morgan Stanley's head of European equities Matthew Leeman has moved overweight banks in the region in the view there are mispriced opportunities in the sector.

The Treasury today published the Financial Services Bill, which when passed will enshrine the new regulatory structure in law.

The Financial Services Authority (FSA) has fined a former compliance officer at David Einhorn's Greenlight Capital and a trader at JP Morgan Cazenove for insider trading and market abuse.

PIMCO, the world's largest bond fund manager, is telling its clients to diversify out of euros and into EM currencies, according to Reuters.

UK-domiciled investment trusts have been granted greater flexibility in paying out dividends, with vehicles now able to distribute capital profits as income for the first time.

UK stocks were muted mid-morning as investors took profits and fretted once more over the outlook for Europe and the Greek debt deal.

J.P. Morgan's chief executive Jamie Dimon has admitted the bank discussed pulling out of the eurozone's most troubled spots, but decided to stay for the long term, mainly for social reasons.

Germany has unveiled plans for an alternative to the Tobin tax in the form of European stamp duty on shares.