Economics / Markets

The FTSE 100 recovered ground this morning after banking stocks took a battering following the Basel Committee's recommendation yesterday banks need to hold significantly more capital reserves to prevent another crisis.

Expectations for inflation in Britain remained unchanged in December, despite the recent rise, figures from the Bank of England show.

Insurers are planning to introduce a new product to help companies limit the financial fall-out when their brands or high-profile spokesmen such as Tiger Woods suffer reputational damage, reports the Financial Times.

The FTSE 100 opened morning trading in positive territory, with financials leading the way.

London markets have advanced strongly this morning on news Abu Dhabi is to bailout heavily indebted neighbour Dubai.

Hundreds of thousands of high-earners face tax rates of up to 250% because of the Government's pensions changes.

World economies including the UK are likely to continue to recover and grow, according to the Organisation for Economic Co-operation and Development (OECD).

London's leading shares surged in morning trading, with mining stocks leading the charge on the back of positive economic data coming out of China.

Alistair Darling's raid on bank bonuses will drive away the cream of the UK's banking talent, says director of Applewood Wealth Management, Karl Hartey.

Gilt prices fell sharply yesterday as investors began to digest the Government's pre-Budget report and fears that Britain's credit rating will be downgraded intensified.