Economics / Markets

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.

Markets across Asia have fallen on news the US government may be headed for its first shutdown of services in almost 20 years.

Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

FIVE YEARS ON

Malcolm Streatfield, the chief executive of Lighthouse Group, said the company is seeing the "first green shoots of recovery" following a difficult two years as the business prepared for new rules brought about by the Retail Distribution Review (RDR)....

Schroders has appointed Prudential Regulatory Authority (PRA) risk analyst Craig Botham to its global economics team.

Invesco Perpetual's Neil Woodford has accused Labour leader Ed Miliband of "economic vandalism" over his plans for a price cap on energy bills.

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

David Cameron is "strong at standing up to the weak, but weak at standing up to the strong," Labour leader Ed Miliband said today.

Schroders is to launch a global equity fund for managers Nick Kirrage and Kevin Murphy investing in stocks they feel are primed for a recovery in value, Investment Week, IFAonline.co.uk's sister title, understands.