News

The best outcome from today's hung parliament election result would be a pact or coalition between David Cameron's Conservatives and Nick Clegg's Liberal Democrats, IFAs say.

Robin Geffen, MD of Neptune, is trying to rally support for a vote of no-confidence in Prudential chief executive Tidjane Thiam over his botched attempt to acquire Asian insurer AIA.

Ratings agency Moody's reiterated today the outcome of the UK general election will not threaten the Government's Aaa rating.

Royal Bank of Scotland (RBS) has reported operating profits of £713m in the first three months of the year, rebounding from a loss of £1.35bn for the same period last year.

Bond managers fear for gilts and sterling in the coming days and weeks as the markets react poorly to the reality of a hung parliament.

Jon Maguire, cru Investment Management director, won just 307 votes for the English Democrats in his Wiltshire constituency last night, and cheekily declared "I nearly won it".

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

Liontrust's woes continue as CEO and co-founder Nigel Legge has stepped down to be replaced by new head of retail John Ions.

A slight relief for Rupert Murdoch's two national newspapers The Sun and The Times as their 2am editions report that the exit polls put the Conservatives as the largest party predicting 305 seats for David Cameron.

Gilts and sterling are falling sharply this morning as investors react to the likelihood of a UK hung parliament.