Economics / Markets

Neil Woodford's giant income portfolios, two of the best performers over the past decade, have been given a ‘sell' rating in Sanlam Private Investments' (SPI) latest White List Income Study.

Wealth manager Charles Stanley has reported a 4.6% jump in client funds under management, with a significant boost coming from discretionary managed funds.

UK GDP contracted 0.3% in the final quarter of 2012, a worse than expected figure that raises the spectre of a triple-dip recession.

The Office of Tax Simplification (OTS) has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

The Financial Services Authority (FSA) has extended its investigation into firms suspected of attempting to manipulate the London inter-bank offered rate (LIBOR) to interdealer broker ICAP, according to a report in the Financial Times (FT).

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.

The FTSE 100 looks set to break the 6,200 level, the first time since May 2008, continuing the rally that has propelled markets since the beginning of the year.

The Monetary Policy Committee (MPC) voted unanimously to hold the bank rate at 0.5% at the last meeting, while all but one member voted to maintain the QE programme at £375bn.

Barclays has threatened "substantial" job cuts in its London investment bank, ahead of a review of its operations by new chief executive Antony Jenkins.

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...