News

Fund of funds recorded their highest ever quarterly net retail sales in Q2 at £2.3bn, according to the IMA.

Fixed rate mortgage saw their popularity reach a year high in June attracting 48% of new borrowers, according to CML data.

The employment rate in the UK rose 0.3% or 184,000 between the first and second quarters of this year, the largest quarterly increase since 1989.

The Bank of England is today expected to lower its economic growth forecast for the UK and raise its expectations for inflation next year.

European markets are in retreat this morning on fresh fears for global growth sparked by a gloomy outlook from the US Federal Reserve.

Standard Life UK profits fell in the first half of the year, despite strong sales figures, largely due to pensions outflows.

Politicians and bankers are the least trustworthy professionals according to the British public.

Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price is more than £1 below its December 2009 flotation price.

The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.

US stocks opened sharply lower today as investors await a crucial statement from the Federal Reserve which could signal further quantitative easing measures.