Economics / Markets

The FTSE 100 is approaching a 16-month high today as investors around the globe welcomed Barack Obama's US election victory.

FIVE THINGS

Fee-charging debt management plans (DMPs) are more likely to fail than free schemes, according to research.

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.

Weaknesses in the Bank of England's forecasting process have been highlighted in a review by an ex-Federal Reserve official.

The Office for National Statistics (ONS) is to launch an additional measure of consumer prices inflation which includes housing costs.

Professional services firm threesixty has launched a suite of services aimed at businesses looking to buy up IFA firms.

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

ABSOLUTE RETURN

COST IS KING