News

The governor of the Bank of England has said inflation is now at, or close to, its peak rate and will fall back "sharply" early next year.

High yield and investment grade US credit are the cheapest asset classes in the market as they are discounting a "savage recession", said Odey's macro strategist Tim Bond.

US banking giant Goldman Sachs has reported a loss of $428m (£272m), worse than analysts had been expecting.

HSBC's Azim Meghji has joined Santander Asset Management as head of credit and manager of the £977m Sterling Corporate Bond fund.

Savers must grab the opportunity to save when the ISA limit increases by £600 in the next tax year, Danny Cox, head of advice at Hargreaves Lansdown said.

Investec's Alastair Mundy has said investor irrationality is helping his investment process but has warned on corporate profitability.

Artemis' William Littlewood has said he expects eurozone policymakers to begin printing money in order to save the single currency.

CPI inflation surged to 5.2% in September, equalling a record set in 2008, the Office for National Statistics (ONS) said today.

Rating agency Moody's has issued a warning on France's AAA-credit rating, saying it may downgrade its outlook for the country based on its overstretched budget.

The FTSE 100 was 1.3% lower this morning after slowing Chinese GDP data and a Moody's warning over France's AAA-rating weighed on sentiment.