News

Jon Maguire, cru Investment Management director, won just 307 votes for the English Democrats in his Wiltshire constituency last night, and cheekily declared "I nearly won it".

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

Unfortunately, two IFAs standing for election last night failed in their bid to become MPs but they put up a strong fight.

Nigel Waterson, the Tory pensions minister, has lost the Eastbourne seat he has held for 18 years to the Liberal Democrats.

The morning newspapers predictably are very partisan in their interpretation of the results of the election - long before it is actually known.

Liontrust's woes continue as CEO and co-founder Nigel Legge has stepped down to be replaced by new head of retail John Ions.

Gilts and sterling are falling sharply this morning as investors react to the likelihood of a UK hung parliament.

As Britain wakes up this morning to a likely hung parliament, IFAonline examines the key issues threatening a cross-party coalition.

A hung parliament will have a detrimental impact on the progress of the RDR and stall the UK's economic recovery, say advisers.

US stocks plunged to lows last seen in 1987 last night, amid speculation a trader entered a "b" for billion instead of an "m" for million when placing an order.