In a bold move, credit rating agency Standard & Poor’s has downgraded the United States one notch from AAA to AA+ with negative outlook.
The FTSE 100 index of leading UK company shares finished the week at 5,246.99, down 146.15 points or -2.71% on the day and down 568.2 points (-9.77%) over the week.
A new note from stock market analysts Birinyi Associates shows it is rare for a market correction to turn into a full blown bear market.
Informed Choice chartered financial planner Martin Bamford explains what matters now as global equity markets suffer their worst one day fall in almost three years.
Informed Choice chartered financial planner Martin Bamford was quoted in the Daily Mail yesterday, in an article looking at ways to beat the income squeeze currently experienced by middle-class families.
UK interest rates have remained on hold at the historic low of 0.5% following the latest monthly meeting of the Bank of England Monetary Policy Committee (MPC).
The FSA has issued a consumer warning about firms promoting carbon credit trading schemes.
The recent Dilnot Commission proposals raised the prospect of more affordable long-term care in the future, but self-funding residents could still face a bill of nearly £200,000.
The Financial Services Authority (FSA) has published a Policy Statement looking at the use of investment platforms, often referred to as ‘wraps’, in the context of the Retail Distribution Review (RDR).
The Workplace Retirement Income Commission, run by Lord McFall, has found that up to nine million people face a ‘bleak old age’ in retirement due to issues with the private sector pension system.
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