Economics / Markets

Dubbed the "Red Knights", a group of financiers has met to discuss a billion-pound takeover of Manchester United.

Lord Turner will tell Parliament today regulators such as the FSA should force new, higher, capital and liquidity ratios on the world's largest banks.

Mining shares helped the FTSE 100 jump more than 56.81 points (1.1%) to 5,411.33 in early trading after copper prices hit a five-week high following the earthquake in Chile.

The Dow Jones opened more than 20 points lower Friday after AIG posted a $9bn Q4 loss.

Greece has said it exceeded budget revenue targets last month - earning the country some respite amid the ongoing fallout from its spiralling debt crisis.

The US economy grew 5.9% in the fourth quarter of 2009, up from 2.2% in the previous three months, revised GDP figures show.

Advisers should tell clients to get their money out of the pound before the currency collapses, urges a former City broker.

The pound is on the brink of a collapse which will herald a downturn worse than 2008/9, warns George Soros' former business partner.

The FTSE opened sharply higher today at 5329.29, up 51.07 (0.97%), following a slight recovery on Wall Street after disastrous early trading yesterday.

Bank of England Governor Mervyn King says failure to act now on banking reforms could lead to a bigger financial crisis.