US growth for Q2 has fallen short of analyst expectations to 1.3%, while the Q1 figure has been sharply revised down from 1.9% to 0.4%.

BSkyB is set to return £750m to shareholders in share buybacks, in a bid to compensate investors after News Corp was forced to abandon acquisition plans for the broadcasting company.

M&G's head of retail fixed interest Jim Leaviss has warned the US will see its credit rating downgraded to AA shortly after next year's presidential election.

The UK economy grew by just 0.2% in the second quarter of the year, the Office for National Statistics (ONS) said today.

Oil major BP saw its shares fall in early trading on disappointing second quarter earnings and an 11% drop in production.

Fewer than half of the funds in the IMA Absolute Return sector have managed to provide investors with a real return greater than the rate of inflation.

Fewer than half of funds in the IMA Absolute Return sector have managed to provide investors with a real return greater than the rate of inflation.

Thames River is to close the offshore version of its $3.5m Global Boutiques fund, domiciled in Dublin.

F&C Investments' Julie Dent is set to retire from fund management on 30 September and will hand over the reins of the £490m British Assets investment trust to Phil Doel.

Citigroup and Scotia Capital have predicted a 0.2% contraction in GDP growth for the second quarter, renewing fears of a double-dip recession in the UK.