News

Sterling touched a three-month low against the dollar before rebounding as the Monetary Policy Committee (MPC) revealed continued division on interest rates while UK growth was revised down.

Ernst & Young (E&Y) "sat by silently" as Lehman Brothers tried to hide its financial problems from investors in the months before its collapse, US prosecutors have alleged in a lawsuit.

The British economy grew by 0.7% in Q3, lower than the previously estimated figure of 0.8%.

The coalition government's cuts to child benefit for anyone earning over £44,000 is ‘a worry' and answers from the Treasury are ‘not good enough', pensions minister Steve Webb has been caught saying.

The FTSE 100 is expected to receive a powerful boost from strong US markets overnight which hit highs last seen before the collapse of Lehman Brothers two years ago.

Gartmore's closed-ended Irish Growth fund will wrap up in the New Year, subject to shareholder approval.

Templeton's Mark Mobius has cut the number of holdings in his emerging markets portfolios in a bid to improve performance.

The UK should not set upon a further bout of quantitative easing to curb its economic problems, says F&C's Peter Lees, as inflation is already too high.

The Bank of Japan has kept interest rates static at between 0% and 0.1% in a bid to boost the nation's economy and rein in inflation.

Pimco, the world's largest bond fund, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the currency bloc agrees to a radical change of course.