The contraction in the UK economy in the last quarter of 2010 was slightly worse than previously estimated, according to figures from the Office for National Statistics released today.

Japan's credit rating has been cut to ‘negative' by Moody's on debt level concerns.

A permanent €500bn (£420.3bn) bail-out fund has been set up to support countries in the eurozone.

The IMA has criticised the ABI's proposed changes to its Managed sectors, arguing the suggested names are "opaque" and inconsistent with RDR and TCF principles.

LVAM's Graham Ashby has decreased his position in BP, predicting "stodgy" performance following a rally in the share price.

The IMA's Absolute Return and Managed sectors may be linked, before being broken down into risk profiles according to its head of sectors.

Asian markets are set for their largest weekly loss in nine months as investors worry about continued policy tightening and unrest in Egypt.

The London Stock Exchange is set to acquire the Toronto Stock Exchange in a £4.2bn deal, creating a major trading centre for mining shares.

Mark Harris and Craig Heron have left Henderson following a shake-up of its multi-manager range.

Bank of England chief Mervyn King said the shock contraction in GDP figures proves the UK recovery will be "choppy" but he appeared to rule out immediate interest rate rises.