Economics / Markets

Vince Cable is understood to be reconsidering a hard-hitting proposal that would see chief executives face an annual binding vote on their pay and bonuses.

A €100bn deal to shore up Spain's banking sector has boosted the euro and financial markets.

London's FTSE 100 slipped into the red in early trading this morning after Fitch Ratings cut Spain's long-term credit rating and predicted a slump through 2013.

The Bank of England's Monetary Policy Committee (MPC) today resisted calls to expand its quantitative easing programme and cut interest rates, even though the UK is officially back in recession.

UK house prices will end the year at the same level as now owing to tough economic conditions, a lender has predicted.

David Cameron will warn Angela Merkel today the eurozone's future is in grave peril unless she orders action to rescue struggling economies such as Greece and Spain.

Hedge fund manager Man Group is to drop out of the FTSE 100 following the index's latest quarterly review after a fresh period of poor share price performance took its toll on the company.

Policymakers at the Bank of England have come under pressure to take action today to 'cushion' the UK's recession-hit economy against further eurozone turmoil, the Guardian reports.

Billionaire investor George Soros has told European leaders they only have three months to rescue the single currency.

The Bank of England is preparing to inject £50bn into the economy to provide a growth boost, and is also contemplating cutting interest rates, amid fears of a global slump.