News

Shares in beleaguered travel operator Thomas Cook have jumped 66% after it reached an agreement with its creditors to give it new access to funding, the BBC reports.

The chairman of Charter International has launched an attack on Schroders' Richard Buxton, accusing him of "destroying more than he achieved" by being vocal about the engineering company's sale.

S&P has downgraded Belgium's credit rating by one notch, to AA from AA+, expressing concerns about funding and market pressures.

Investment management firms' EMD heads at odds after country sees bonds downgraded to junk status.

Schroders' Richard Buxton has defended his banking positions, saying troubled UK lenders could be returning 15% on equity by 2015.

IMF urges China to bring state-owned banking sector into line with international practices

Leading fund managers believe gilts now look like the next safe haven bond market to come under threat ahead of DMO sale this week.

Yields on short-dated German government bonds turned negative this week as bondholders paid to lend to the country, despite a dismal auction of 10-year bonds on Wednesday.

The UK will take five and a half years to recover to pre-recession levels, said Bank of England external MPC member Martin Weale in a speech today to the National Institute of Social and Economic Research (NIESR).

The FTSE 100 has reversed this morning's losses to rise over 1% in afternoon trading - buoyed by a surge on Wall Street.