News

The European Central Bank has held interest rates at 1% but president Mario Draghi has voiced concerns over the situation in Hungary.

Neptune's Robin Geffen is standing by his overweight US position as he believes the region is unlikely to fall into recession this year as long as another banking crisis is avoided.

Standard Life Investments' £9bn Global Absolute Return Strategies (GARS) fund has cut its exposure to UK gilts, taking profits as yields hit record lows.

The Financial Services Authority (FSA) has not used mystery shoppers for at least 18 months, despite a promise from Hector Sants that the regulator would make more use of the tactic.

A downgrade of Italy's credit rating by one of the major ratings agencies would come as "no surprise", according to Allianz Global Investors' chief investment officer Neil Dwane.

Police have arrested five men as part of its investigations into a small number of suspicious trades reported by Bristol-based stockbroker and wealth manager Rowan Dartington.

The Bank of England's Monetary Policy Committee (MPC) has held fire on its quantitative easing (QE) programme and kept interest rates at their historical low of 0.5%.

The pound has fallen to a three-month low against the dollar ahead of a Bank of England Monetary Policy Committee meeting today, the first of 2012.

Warren Buffett's retail favourite Tesco has seen its shares plunge 14.2% following a profit warning today.

A likely hard landing in China will bring the financial crisis of the past five years to a climax in 2012, a leading City strategist has warned.