Economics / Markets

National IFA Towry has announced "record" profits for 2011, after poor performance in 2010.

The S&P 500 closed at its highest level since May 2008 after Fed chairman Ben Bernanke hinted the US central bank would keep in place its supportive monetary policy.

The UK government is in advanced talks to sell a significant stake in the Royal Bank of Scotland (RBS) to Abu Dhabi.

Kames Capital is to waive the performance fee on its £65m UK Equity Absolute Return fund for the rest of the year, and will cut it in half from 2013 onwards.

FIVE THINGS

Ireland fell back into recession in the last quarter of 2011, according to official figures released on Thursday.

ONE-PAGE BUDGET

Frances Hudson, global thematic strategist at Standard Life Investments, on lessons unheeded from the 2008 financial crisis.

Q2 OUTLOOK

BUDGET