News

A further bout of quantitative easing could plunge the West into a second credit crunch, Aberdeen head of global equities Stephen Docherty warns.

The Lloyds Banking Group has named the boss of Santander's UK operations António Horta-Osório as its new CEO, replacing Eric Daniels.

Standard Life Investments recorded a £758m net inflow into its UK mutual fund range in the third quarter, doubling its net new business for 2010.

The London Stock Exchange has delayed a major update of its computer systems after fears one its trading platforms was targeted by a saboteur.

General Motors, the bailed out US auto giant, is set to raise between $9.5bn and $10.5bn in its public share offering.

The FSA is warning firms against using the word ‘cash' when naming Money Market Funds (MMFs), saying it is "potentially misleading".

Investec Asset Management's Paul Carr believes sterling is the most undervalued major global currency.

Henderson multi-managers Mark Harris and Craig Heron are bullish on the near-term prospects for US equities following today's mid-term elections, saying the market could rise by 10%.

BP today announced a return to profit in the three months to September after last quarter's record loss, but has not resumed dividend payments to shareholders.

Australia and India have both raised interest rates by 0.25% on escalating inflation fears.