Economics / Markets

Better-than-expected German and French GDP figures have raised investor hopes that Europe's second largest economy will ease eurozone pain.

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

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Banks "could learn a thing or two about fair play" from the Olympic movement, according to Bank of England governor Mervyn King.

The Bank of England (BoE) should expand its range of economic recovery measures, according to an outgoing member of the Monetary Policy Committee.

A law firm has sent a letter to Honister Capital administrators Grant Thornton requesting it provides further information related to the sale of Honister IFAs' trail and pipeline commissions.

M&G reported a 53% rise in net investment flows in the first half of the year, with retail investors driving the £4.3bn of flows.

A boost in individual annuities and with-profits bonds sales helped Prudential UK maintain new business levels in the first half of this year, despite a significant decrease in corporate pensions volumes.

The UK could leave the European Union by this autumn should the eurozone debt crisis intensify further, it has been suggested in a study by Japanese bank Nomura.

Sir David Walker, a former deputy governor of the Bank of England, will become the new chairman of Barclays, according to reports.