Economics / Markets

Julian Chillingworth, CIO of Rathbone Unit Trust Management, on why choppy equity markets make for attractive hunting

The FTSE 100 lost 40 points in early trade Thursday as BP shares continued to drop.

Shares in BP tumbled to their lowest level since 1996 in US trading Wednesday on fears the company won't pay out its planned dividends to shareholders.

The FTSE has bounced back from a mid-morning dip to end more than a percentage point higher, thanks to strong performances from miners.

The FTSE 100 index rose by 0.7% to 5063.7 points in early trading led by Royal Bank of Scotland, which edged closer to significant asset sales.

David Cameron's proposed CGT taper relief plan has been condemned as a "dreadful idea" by tax experts.

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.

UK stocks and sterling tumbled this morning after Fitch labelled Britain's fiscal challenge "formidable".

The Government would have to double the scale of the cuts it has already planned to come anywhere near to Canada's example of a public sector bonfire, experts have said.

Warren Buffett has put himself on the eBay auction block, offering his words of wisdom over lunch to the highest bidder.