Economics / Markets

The head of public affairs at Aviva has unseated the Labour incumbent to become Conservative MP for Chatham and Aylesford.

As the UK comes to terms with its first hung parliament in decades, Bestinvest senior investment manager Adrian Lowcock gives his tips on what investors should do with their portfolios.

Royal Bank of Scotland (RBS) has reported operating profits of £713m in the first three months of the year, rebounding from a loss of £1.35bn for the same period last year.

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

As Britain wakes up this morning to a likely hung parliament, IFAonline examines the key issues threatening a cross-party coalition.

US stocks plunged to lows last seen in 1987 last night, amid speculation a trader entered a "b" for billion instead of an "m" for million when placing an order.

Icelandic authorities have arrested the former chief executive of collapsed bank Kaupthing, in the first high profile arrest following the country's financial collapse.

The FTSE 100 dived 1.52% or 80.94 points to 5,260.99 with banks dragging on the index after Moody's warned UK lenders are at risk of Greek contagion.

John Chatfeild-Roberts, the Jupiter CIO and head of the Merlin multi-manager team, believes while all election scenarios are a possibility, the UK will be forced to accept some harsh fiscal action whatever the outcome.

UK banks risk having their credit ratings downgraded because of the poor state of the country's public finances, warns ratings agency Moody's.