News

The Bank of England has focused too much on avoiding deflation at the expense of countering declining real incomes, according to Cazenove.

A cooling global economy and an impending austerity squeeze in Britain will make the Bank of England (BoE) wait well into next year before hiking interest rates, a poll of 60 economists suggests.

The International Monetary Fund (IMF) has warned long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to GDP would rise to 90.6% in 2015.

Former Lehman Brothers CEO Dick Fuld believes the investment bank may have been able to survive if US authorities had given it the same assistance as its rivals.

World markets surged on Wednesday following an unexpected jump in the US manufacturing index and bullish economic figures from Asia.

Incisive Media today launches Adviserhound.com, the industry's first financial find engine designed specifically to cater for the day-to-day business needs of financial advisers.

Speculation of M&A in various sectors, as well as rising precious and base metals miners, drove the FTSE upwards by 1.5% to 5,303.72 points by 2.15pm.

Man Group has won overwhelming shareholder support for its $1.6bn (£1bn) bid for GLG Partners, and has made a senior appointment from GLG for the enlarged group.

Gervais Williams has resigned from Gartmore and will leave the firm at the end of September.

Peter Hargreaves, the outgoing chief executive of Hargreaves Lansdown, believes smaller investors will struggle to get advice post-RDR.