Business secretary Vince Cable has prompted a new confrontation with Chancellor George Osborne after warning Britain could face the "bomb" of a second financial emergency.

Apollo Multi Asset Management has launched a discretionary fund management service with six risk managed portfolios on the Novia platform.

Japan's economy plunging back into recession, the head of the IMF quitting over sex crime allegations' and Lloyds Banking Group shareholders venting their anger over executive pay... here are today's top stories.

The yen has plunged against a basket of currencies after the Bank of Japan said the economy is in a perilous state.

The economies of the 17 countries in the single currency block grew 0.8% in the first three months of 2011, up from 0.3% in Q4, figures released today reveal.

The FTSE 100 has opened in positive territory after a commodities bounce-back lifted Wall Street yesterday.

Government austerity measures and high levels of consumer debt pose "strong headwinds" for the UK's economic recovery, the IMF has warned.

Speculation the Bank of England will lower its economic growth forecasts has caused the pound to slump in afternoon trading.

Commodities continued to tumble today on the back of global growth concerns, with oil and silver plunging to their lowest levels since March.

The Bank of England has again held rates at 0.5% amid signs the economic recovery is failing to gather momentum.