Pimco chief executive officer Mohamed El-Erian believes the UK has more tools at its disposal to tackle its economic problems than countries like Greece.

Miners continue to lead the FTSE 100 into positive territory after rising copper prices led to a strong showing yesterday.

Gilliat Financial Solutions has launched a five year growth product linked to the FTSE 100 index.

Bank of England Governor Mervyn King says failure to act now on banking reforms could lead to a bigger financial crisis.

Rathbone Unit Trust Management suffered a £230m net outflow in 2009, taking its total funds under management down to £940m at 31 December.

US stock markets opened sharply lower in early trading following negative consumer and house price data.

The FTSE opened more than 30 points higher Tuesday thanks in part to an 11% share price jump for builders' supplier Wolseley.

T.Bailey is planning to merge its £1.7m UK Best Ideas fund into its £158m flagship Growth portfolio.

Barclays jumped 8% in early trade after posting bumper annual profits, helping the FTSE to a 1.2% gain.

Gilliat Financial Solutions has launched an income product which offers up to 7% per annum.