Economics / Markets

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

A Loughborough-based financial advisory firm is one of the first to consider moving into legal services following changes to the Legal Services Act made in January this year.

As Greece finds itself making headlines once more, eurosceptic John Redwood has warned a euro break-up is still on the cards.

IFAs that outsource fund management may be "abdicating their responsibilities," according to the founder of Belfast-based firm Carrington Wealth Manager.

Poor interim results from Vodafone have pushed the FTSE 100 down 0.9% to a two-month low in morning trading.

Wealth management business Quilter and Co. is to merge with discretionary investment firm Cheviot Asset Management to form a new firm, Quilter Cheviot.

The UK's main inflation rate has jumped sharply to 2.7% in October, having fallen to a 34-month low of 2.2% in September.

David Cameron has issued one of his strongest defences of the banking sector yet, telling the Lord Major's banquet those who "trash the banks would end up trashing Britain".

FIVE THINGS

London's leading share index has opened flat in early trading, with investors cautious as Greek default fears resurface.