News

Disappointing economic figures from the US coupled with a warning over a double-dip recession in the UK have plunged global markets further into the red in afternoon trading.

Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.

Average UK property prices were 6.1% higher this July than last and currently stand at £200,913.

The game of "chicken" being played out by US politicians could increase the risk of a double-dip recession, Bank of America warns.

The FTSE 100 has plunged in late morning trading as renewed concerns over the global economy end the recent rally powered by M&A speculation.

The Japanese yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Government.

The FSA has fined Zurich Insurance UK £2.27m for failing to prevent loss of customers' confidential information - the biggest fine levied on a single firm for data security failings.

One in 10 UK adults say they have dropped completely their plans to retire as economic uncertainty continues to plague sentiment.

A second recession could be on the way warns Dr Martin Weale, the newest member of the rate setting Monetary Policy Committee (MPC).

Stockport-based IFA AJ Smith and Co has been acquired by rival neighbour Prest Financial Services for an undisclosed sum.