Economics / Markets

Lloyds Banking Group has launched a record-breaking £13.5bn rights issue at a near-40% discount as part of a massive fund raising to strengthen its balance sheet, reports The Telegraph.

In London, shares opened up strongly this morning with the FTSE 100 up 1.7%, as miners and energy stocks were driven by buoyant commodity prices.

Gordon Brown will take his radical proposal to tax City trading to Britain's business leaders today, as a survey shows more than half of voters would back the plan if the proceeds went to help the poorest in society.

Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

The Queen has revealed details of the Fiscal Responsibility Bill today, designed to cut Britain's growing budget deficit.

A pensioner is fighting to claw back almost £18,000 in commission and charges that were snatched from his pension just a year before he planned to retire.

The UK's main measure of inflation has increased on the back of rising oil prices.

A member of The Bank of England's rate-setting committee said last night the economy had emerged from recession in the quarter between July and September - contradicting initial figures published by the Office for National Statistics (ONS), reports The...

The Eurozone economy has left recession with economic growth of 0.4% between July and September.

US equities finished higher in another round of fairly quiet trading on Wednesday, underpinned by upbeat economic data out of China and Japan overnight.