During the second quarter (April-to-June) the ONS (Office for National Statistics) claimed that the economy shrank by only 0.4pc, after it made a third estimate of gross domestic product for the UK.

The office of Governor of the Bank of England has been filled by Mervyn King for the past 10 years, and has served two consecutive 5-year terms.

The World Economic Forum (WEF) conducted its annual survey of all global economies and rated each one based on 12 “Pillars of Competitiveness” covering a number of factors affecting individual economies such as “Health & Primary Education”, “Technological Readiness, and “Innovation”.

Thursday saw the Barclays group announce the appointment of Antony Jenkins to the role vacated by Bob Diamond earlier this summer. Analysts have already begun to question the future of the investment banking arm of the group.

Invensys has announced David Thomas, who has been the Acting Chief Financial Officer of the group since March 2011, has been appointed as the Chief Financial Officer of the Group.

I was looking for a free online bookkeeping solution to suggest to a friend when I came across Numia.biz software. I got interested so I started reading…

GM is shedding the Saab, Saturn, Hummer and Pontiac brands to focus on Chevrolet, Cadillac, GMC and Buick.

Alpha Bank announced on the 31st of August the completion of the sale of treasury shares.

Yen crosses stabilise following a heavy selling. US equities closed falt and the Nikkei was down by 1.38%.

The UK economy shrank by 2.4% in the first quarter of the year in what is now thought to be the biggest contraction since 1958.

European stocks declined for a fourth day signalling fears that the first quarter’s sucker’s rally is coming to an end. For those who still haven’t understood what a sucker’s rally is, this is that!