Economics / Markets

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

Two executives at Royal Bank of Scotland (RBS) are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package to shore up its flagging economy.

Henderson's European equity managers Bill Stormont and Paul Casson have both left the firm, along with smaller companies manager Simon Savill.

The Bank of England's Monetary Policy Committee (MPC) has once again kept interest rates unchanged and quantitative easing on hold in a widely expected decision.

The Office for National Statistics (ONS) has decided to retain the way the retail prices index(RPI) is calculated after a consultation with the industry.

BlackRock has entered a definitive agreement to acquire the exchange-traded funds (ETF) business of Credit Suisse, in a deal set to complete by the end of the second quarter.

The FTSE 100 closed at its highest level since May 2008 yesterday as investors continued to snap up cyclical names, including the UK's semi state-owned banks.

The FTSE 100 is nearing a two-year high once again today as investors continue to snap up cyclical names including the UK's semi state-owned banks.

Advisers remain cautious about the prospects for the UK in 2013 and over the ability of Prime Minister David Cameron and Chancellor George Osborne to lead the country's recovery, research suggests.