Economics / Markets

The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said.

The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months on 15 October.

The Bank of International Settlements (BIS) has warned of a potentially 'violent' market crash as financial markets are dangerously stretched.

UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.

The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.

Shares on Wall Street have recorded the worst three-day streak since 2011 after another sharp move lower overnight, with investors continuing to fret over the end of the US Federal Reserve's bond buying programme.

Asset Allocators' Soapbox: The problems with P/E and P/B ratios

UK-based financial services firms have grown at their fastest rate since 2007 and are set for further growth in the coming periods, according to research.

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

Famed fixed income investor Bill Gross is leaving PIMCO, the company he co-founded, to join global investment house Janus Capital Group.