Markets in Europe were selling-off across the board today as Spain's banking crisis deepens.

Shares in Facebook tumbled to a new low overnight as one of the worst ever IPOs continued unabated.

Furious Greek citizens have attacked Christine Lagarde, head of the International Monetary Fund (IMF), after she accused some of "trying to escape tax."

The worse-than-expected decline in UK GDP is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported a worse than feared fall of 0.3%.

Barclays has put its $6.1bn stake in US fund manager BlackRock up for sale in a surprise move.

Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

Ratings agency Moody's Investors Service has cut the long-term debt and deposit ratings for 26 Italian banks as the crisis in Europe clouds their prospects.