Fund managers across the world are no longer worried about the imminent risk of recession, fearing that inflation has become the bigger danger after the emergency stimulus by the US Federal Reserve.

Added: 2008-05-14

Fund managers fear bond rout and stagflation more than recession

Category: varial news

The US economy is about to suffer a painful dose of reality. About time, too

Bill Emmott: The Bear Stearns collapse heralds the end of the culture of easy lending - and it won't be just America feeling the heat

Office of Fair Trading apologises for Morrisons attack

The Office of Fair Trading has been forced to apologise to supermarket chain Wm Morrison as it settled a libel action linked to the regulator's long-running probe into the alleged price-fixing of milk.

Sir Tom squeezed by Dobbies rights issue

Sir Tom Hunter, the Scottish billionaire who owns a minority stake in Dobbies Garden Centres, could come under renewed pressure to reduce his holding after the company unveiled a £150m rights issue to finance acquisitions and reduce debt.