News

Cazenove's European fund manager Chris Rice has said he expects policymakers across Europe to stand firm and keep the eurozone intact despite growing expectations parts of it will break away.

The tragic loss of Apple's visionary co-founder Steve Jobs last night prompted a drop in the group's share price as US markets opened, followed by a swift move back into positive territory.

George Osborne is set to face tough questions today about the coalition government's economic strategy after the Bank of England expanded quantitative easing by £75bn, a move he has previously called "the last resort of desperate governments".

The Bank of England's (BoE) second round of quantitative easing (QE) will be a "Titanic disaster" for pension schemes and members, Saga says.

Mervyn King has warned Chancellor George Osborne the UK recovery is facing a growing threat from the euro crisis and deteriorating conditions in financial markets.

Sterling and gilt yields have dived following the surprise announcement by the Bank of England it is increasing its quantitative easing programme by £75bn.

Invesco's John Greenwood has warned further QE in the UK is unlikely to lead to a rebound in economic growth as he said there was "no quick fix" to the country's economic woes.

The Bank of England has increased its quantitative easing programme by a more than expected £75bn in a bid to kick-start the UK's ailing economy, while leaving interest rates on hold at 0.5%.

German Chancellor Angela Merkel has said Europe is facing a race against time to save its indebted European banking system, warning investors risk being hit by deeper losses before the EFSF steps in.

Alain Grisay is to step down as F&C Asset Management's CEO next year, with Edward Bramson taking over his responsibilities in the role of executive chairman.