News

Sterling has dropped against the dollar after the latest MPC minutes revealed no calls for a rate hike and opened the door to further QE.

The Swiss government is preparing to unveil a CHF1.5bn (£1.1bn) package to help the country deal with its soaring currency when it meets later today, Reuters reports.

Liontrust has blamed market volatility for a 7% fall in its assets under management in the second quarter.

We bring you a round-up of the rest of this morning's news.

Global markets are down this morning as investors vent their concern at eurozone leaders' "disappointing" efforts to stop the debt crisis.

French and German leaders are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis.

Henderson made a pre-tax loss of £3.1m in the six months to 30 June, compared to a £41.6m profit in the first half of last year, partly due to Gartmore-related expenses.

Warren Buffett has revealed he has exploited recent sell-offs to buy up cheap stocks.

A third of company pensions could be at risk of last-minute drops in the stock market before savers hit retirement, according to a report.

The trustee liquidating Bernard Madoff's former firm has won an appeals court ruling backing his method of working out which investors can recover money lost in the Ponzi scheme.