Economics / Markets

London's leading stock exchange dropped in early trading on Thursday ahead of an anticipated interest rate cut.

IFAs helped the UK record the lowest net retail outflow from UCITs funds of any major European country, according to IMA chief executive, Dick Saunders.

The FTSE 100 was up marginally this morning by 0.60% by 8:44am with the London Stock Exchange Group regaining 3.73% of its 6% losses of yesterday.

The FTSE 100 was flat this morning as extreme weather conditions continued to plague the capital and affected many transport links.

Financials weighed down the FTSE 100 shortly after opening this morning as Barclays and RBS led the losers, with the sector sinking 2.91% and the index dipping 51.98 points (1.25%) to 4,097.66.

Jupiter chief executive Edward Bonham Carter has warned markets are likely to be "schizophrenic" this year as policymakers struggle to fight the economic downturn.

UK shares continued to fall as trading began today, after shares had previously tumbled on the back of the IMF's bleak forecast for the UK economy had given investors the jitters.

UK financials dented the stock market once again, and unfavourable reactions to the US's bailout plan caused further problems for Britain's biggest companies.

UK shares tumbled as trading began today after the IMF's bleak forecast for the UK economy worried investors.

Banks continued to reap the benefits of fresh investor confidence on Wednesday, with Lloyds Banking Group soaring more than 40%.