Money Neil Woodford is bemused by the speed with which economic commentators have moved from doom to euphoria

The biggest fund manager story of 2013 was the resignation of Neil Woodford from Invesco Perpetual. As you will be aware, Mr Woodford will continue to manage the Invesco Perpetual Income and High Income Funds until he leaves at the end of April, following which he will set up his own company.

Banks braced for tough new regime of annual stress tests

UK banks will face annual stress tests for the first time to see if they could survive a major collapse in financial markets or the economy, the Bank of England said today.

US dollar dips as Lawrence Summers quits Federal Reserve race

The US dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.

Focus: Breaking the grip of the audit oligarchs

Watchdogs want to shake up the big four accountants who police big business

Electricity prices are set to fall

Ofgem to crackdown on Big Six energy suppliers in bid to cut electricity prices

Electricity prices are set to fall after the energy regulator pledged to “break the stranglehold” of the Big Six energy suppliers.

Small Talk: Have we got the right target if Aim shares can go into an Isa?

The big issue is whether investors should go into a market that is often illiquid and volatile
The Co-op defended its banking business today

Q&A: Co-op bank's downgrade - should I be worried?

Should I be worried about my Co-op Bank account?

Market Report: Lloyds strengthens after Basel III boost

Lloyds Banking Group was the best-performing FTSE 100 stock last year and it looks like 2013 is shaping up to be pretty decent too. Lloyds jumped to the top of the tree today after analysts at UBS rated it a buy and awarded it a share price target of 60p, up from 50p.

Financial lobby wins concessions on liquidity

The heads of the world's top regulators and central banks have approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also relaxed the definition of what will be considered a liquid asset, and said banks will have four years longer than expected to implement the new standards.

Banks win victory over new Basel liquidity rules

Standards will be more relaxed than planned and also phased in over four years from 2015

‘Wait and see’ approach blamed for fall in number of transactions

Between July and September, the number of transactions in central London fell 3.6 per cent despite Chesterton Humberts’ report that stock levels were up 13.5 per cent.

Album: Yeasayer, Fragrant World (Mute)

Having nudged accessibility with 2010's Odd Blood, Brooklyn experimentalists Yeasayer have taken a step back in the direction of the weird with their third album.

Why is Islamic finance important for MBAs?

There are a number of business schools now introducing Islamic Finance in their curriculums. For some, the reasoning is to open MBA students up to different cultural realities, but for many schools, it just makes business sense.

Thomson Reuters buys FX Alliance

The financial news giant Thomson Reuters has splashed out $625m (£403m) in cash on US-listed foreign-exchange platform FX Alliance.

Treasury borrowing fails to contract

Chancellor George Osborne faces a fresh borrowing headache this week as the impact of Britain's double-dip recession wreaks havoc on the public finances.

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Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
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The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

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Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

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Why are there so few new GPs when so many want to study medicine?
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