News

The consumer price index (CPI) of inflation eased in May to 3.4%, down from 3.7% in April, according to the Office for National Statistics (ONS).

Fears over Spain escalated yesterday as investors sold off government bonds on warnings of funding problems for the country's companies and banks.

BP is facing a bill of up to $34bn from the Gulf of Mexico disaster after US senators demanded the oil company deposited $20bn into a ring-fenced account to meet escalating compensation costs.

Billionaire investor George Soros, the man who broke the Bank of England, says the financial crisis has "just entered Act II" as Europe's fiscal woes worsen.

More than 17,000 vicars, teachers and doctors have signed a petition urging Chancellor George Osborne to scrap plans to increase capital gains tax (CGT).

Polar Capital has raised £89m for its new Global Healthcare Growth & Income trust.

BP shares continued to fall both sides of the Atlantic on Monday after the oil giant said the cost of the Gulf of Mexico spill had risen to £1bn and US President Barack Obama compared the environmental disaster to the 9/11 terrorist attacks.

Veteran income fund manager Graham Ashby explains why now may not be the best time to sell BP and how the UK equity market could still deliver positive dividend growth in 2010.

The newly-formed Office for Budget Responsibility (OBR) has downgraded the UK's economic growth projections for next year.

Investors are placing bets on a Black Monday-style crash in the UK stock market at the fastest rate since the collapse of Lehman Brothers in 2008, the Bank of England warns.