Economics / Markets

Outgoing Bank of England(BoE) governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.

Lloyds Banking Group has been criticised after announcing 550 job cuts which trade union Unite said would come on top of the 1,340 lay-offs revealed earlier this year.

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Barclays Bank has agreed to compensate some customers affected by its takeover of ING Direct UK, if the move compromises savers' protection under the Financial Services Compensation Scheme (FSCS).

A gang who made a film starring a former Eastenders actor solely as a £2.8m tax scam have been convicted at Southwark Crown Court.

Asian shares took a breather on Wednesday, struggling for traction as some investors locked in profits from the markets' recent rally while a bit of yen strength capped the upside for Japanese stocks.

Britain is on track for a triple dip recession, one of the nation's leading forecasters has signalled, as new figures on the UK's manufacturing industry dealt a blow to recovery hopes and sent sterling crashing to a fresh two-and-a-half year low.

Fears that the UK is heading for a triple-dip recession appear to have been confirmed by worse-than-expected January manufacturing data, analysts have suggested.

Investors question whether gold has lost its shine as China growth picks up and US shows signs of recovery...