Economics / Markets

The worse-than-expected decline in UK GDP is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported a worse than feared fall of 0.3%.

The notion of free banking is a "myth" that may ultimately encourage the mis-selling of financial products, Bank of England executive director Andrew Bailey has said.

German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.

Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following...

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

The World Bank has cut its economic growth forecast for China this year from 8.5% to 8.2%, which would be its weakest level in more than a decade.

Business secretary Vince Cable is a "socialist" who should have never been given responsibility for business policy, Adrian Beecroft has claimed.

Chancellor George Osborne has said the UK government is making contingency plans for a Greek exit from the euro as the crisis in the region reaches a "critical" point.