The FTSE has suffered sharp falls in afternoon trading with banking stocks leading the plunge into the red amid renewed euro debt concerns.

Morgan Stanley has warned the global economy is on the brink of recession as the US investment bank slashed its growth forecasts.

Novia has expanded its discretionary footprint with the addition of four DFMs to the wrap.

This year's paraplanner of the year award has been launched by The Paraplanner.com, in association with the Institute of Financial Planning (IFP).

The FTSE has continued its downward slide in afternoon trading with banking stocks weighing particularly heavily on the index.

Fidelity FundsNetwork has launched an online training service for advisers providing guidance on topics including tax and regulation.

The FSA has pulled the plug on its series of regional TCF workshops due to regulatory reform.

The Office for National Statistics (ONS) has been rebuked by its watchdog for publishing growth data last month which "flattered" the national accounts.

Openwork has hired Paul Bridge in the role of chief operating officer (COO) to replace Mary-Anne McIntyre, who was recently promoted to CEO.

IFA-owned wrap Nucleus has launched a valuation tool designed to improve the quality of information available to advisers and clients.