A single British ticket holder has scooped the biggest ever lottery jackpot in Europe, winning a staggering £161m in the Euromillions draw.
Negotiations to reduce bank bonuses have been hit by the withdrawal of Standard Chartered from talks with the government.
The FTSE climbed 1.1% this morning to 5724.37 after rumours of more quantitative easing from the Federal Reserve gained momentum last night.
PwC warns the austerity budget will cause job losses of 500,000 in both the public and private sectors.
The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.
Alistair Darling will hold secret talks with the heads of top British and American banks in Davos tomorrow who fear the impact of proposed tough new sanctions against the sector.
The major UK banks are falling as the market absorbs the wider implications of Barack Obama's plans to keep US banks on a tighter leash.
Northern Rock is expected to heap further embarrassment on the Government next month when it reports losses for the half in excess of £500m, putting it in breach of even specially relaxed regulatory rules, according to The Telegraph.
The City watchdog has banned a record number of firms that sell mortgages, pensions, investments and insurance.
Standard Chartered, a leading lender in emerging markets, is seeking to raise £1.78 billion through a rights issue in a bid to bolster its balance sheet as its core markets in Asia, Africa and the Middle East begin to feel the effects of the global downturn,...