London open: Stocks edge higher

Shares have got off to a firmer start as the stream of company updates continues. Costa Coffee and Premier Inn owner Whitbread shrugged off the economic difficulties said to be plaguing ...

US: Text of FOMC meeting statement

Below, the text of the Federal Open Market Committee (FOMC) statement: "Information received since the Federal Open Market Committee met in March indicates that the economic recovery is proceeding at ...

FX round-up: Dollar falls to 2½ year low

The dollar continued its decline against the euro Wednesday as the Federal Reserve gave no indication of when it might end its ultra loose monetary policy. Policymakers agreed to keep ...

London close: Flat finish on eventful day

Shares lost their puff ahead of the close having burst into life following a sluggish start, but there were some big movers in both directions, particularly in the mid-cap index. First ...

US: A first reaction to Bernanke’s speech

At the latest Federal Open Market Committee (FOMC) meeting the voting members of the US Central Bank opted to keep their target for the federal funds rate unchanged, as well ...

Uncertainty in UK mortgage lending

Mortgage lending figures for March suggest the UK housing market has yet to recover to the buoyant levels seen before the credit crunch. Mortgage approvals for house purchases in March by ...

London close: Company updates lift FTSE 100

Shares were boosted by well-received earnings news at home and overseas. Shares sprang into life after a sluggish start, helped by well-received updates from US giants such as carmaker Ford and ...

FX round-up: Fed nerves pummel dollar

The dollar fell close to 2 ½ year lows on Tuesday as traders grew increasingly uneasy that the Federal Reserve will give little indication of the future direction of monetary ...

Preliminary UK GDP estimate leaves some questions in the air

Gross Domestic Product (GDP) increased by 0.5 per cent on quarter in the first quarter of 2011, following a decrease of 0.5 per cent in the fourth quarter of 2010, ...

S&P lowers its outlook on Japan’s sovereign rating

Standard&Poor's (S&P), the rating agency, this morning lowered its outlook for Japan's long term credit rating to 'negative', from 'stable'. The aforementioned is meant to reflect the potential for a downgrade ...
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