Economics / Markets

CPI inflation rose to 4.7pc in August, the highest level recorded since CPI records began in 1997, with the upturn attributed to higher energy and food prices, compared to a year ago.

The FTSE100 plummeted beneath its 52-week low this morning following further significant losses for Halifax Bank of Scotland (HBOS).

The UK is currently in a shallow recession, with growth in 2009 expected to be the weakest since 1992, according to the CBI.

Resources have helped the FTSE surge ahead to 5416.70, having climbed 98.30 points (1.85%.)

Investors in ethical funds have been amongst the hardest hit by the market volatility of the past year, according to the results of a survey by Investment Life & Pensions Moneyfacts.

Travel companies have soared to the top of the FTSE winner's table in early trading on Friday on the back of news holiday firm XL has gone into administration.

A string of poor retail results have hindered the FTSE's progress as the index ended the day down 47.80 points (0.89%) to 5318.40.

London could be losing its appeal as a leading financial centre, in the wake of announcements from Henderson and Krom River Partners that they are to leave the UK, for Ireland and Switzerland, respectively, according to Jérôme de Lavenère Lussan, managing...

A slow start for retailers coupled with strong losses in Asia is weighing on the FTSE100 this morning, with London's blue-chip index down 25.60 points (0.48%) to 5340.60 so far.

The FTSE has nose-dived 49.90 points (0.91%) to 5366.20 due to more negative sentiment.