European equities markets were lower again Thursday as declines in metals prices pushed shares in miners down in London. The FTSE 100 fell 1.68 percent to 5,047.81 while the FTSE 250 dropped 0.85 percent to 9,064.28. Miner Lonmin led declines on the 100 and had the worst day in its sector as [ Read More → ]

NEW YORK - Santa’s on a budget this year. Toy retailers and makers plan to make the best of it by offering more deals and cut-price versions of more expensive toys that they hope will spur parents to spend even if they’re scrimping elsewhere. Two influential lists of expected hot holiday [ Read More → ]

The unemployment rate in the euro zone hit 9.6% in August - the highest in over a decade after the number of jobless rose by 165,000 during the month, bringing the total jobless number using the single currency bloc to 15.17 million. The 10-year high comes despite the fact that many [ Read More → ]

On Wall Street, it paid to wear rose-colored glasses in the third quarter. Another surge in stock prices rewarded investors who kept faith that the recession was ending — even amid growing concern about the recovery’s dependence on government support. The Dow Jones industrial average, which slipped 29.92 points, or 0.3%, to [ Read More → ]

It has emerged that Britain’s five largest banks have agreed to bonus terms set out by the world’s leading nations at last week’s G20 summit. The five UK banks that have accepted the curbs on bonuses are Barclays, HSBC, Lloyds, RBS and Standard Chartered. Under the new terms set out [ Read More → ]

Hopes of an early exit from the recession today boosted the US after the Commerce Department revealed that the world’s no.1 economy shrank at a far slower rate in the second quarter than previous estimates showed. According to the Commerce Department, the US economy contracted by 0.7% between the April and [ Read More → ]

Dropping the Money Managers name is not about running and hiding from the past, it’s about reflecting the huge change the business has been through in the past 18 months, according to the financial advisory group’s boss Derek Young. The nationwide company, founded in 1985 by Doug Somers-Edgar on Auckland’s North [ Read More → ]

European equities markets were mixed Tuesday, while Asia-Pacific region markets were mostly higher but US markets were lower by midday. The FTSE 100 dropped 0.12 percent to 5,159.72 in London, but the FTSE 250 added 0.5 percent to 9,215.57 on the session. Insurers were higher in London, led by Legal & General [ Read More → ]

The Office for National Statistics (ONS) has today revealed that the UK economy contracted by 0.6% in the April to June period - rather than the 0.7% previously reported and the 0.8% reported prior to that. The latest revision comes as the manufacturing and construction sectors performed better than originally [ Read More → ]

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