"Whatever Armageddon is priced in the stock market … the credit market is pricing something better," Riccardo Ronco from Friedman, Billings, Ramsey International told CNBC Wednesday.

Private jet company, Jet Republic has seen lots of airline companies cutting back. But CEO Jonathan Breeze said many people who own aircraft have put them up for sale and opted for buying into a fractional program.

The hijacking of the oil tanker hundreds of miles off the coast of Somalia has brought piracy into news headlines, and with it comes new concerns over what can be done to combat it, Philip Roche from Norton Rose said.

"We're definitely going to get more bad news," Andy Lynch from Schroders said of the market outlook for the rest of this year. James Barty from Arrowgrass Capital Partners said that while a Christmas rally is possible, everyone is "suicidally bearish".

The Bank of England considered cutting interest rates by more than the 150 basis-point cut it did in November, meeting minutes revealed Wednesday. Basil Kaye from MET Traders and Nick Hastings from Dow Jones Newswires discuss.

The Bank of England considered cutting interest rates by more than the 150 basis-point cut it did in November, meeting minutes revealed Wednesday. Basil Kaye from MET Traders and Nick Hastings from Dow Jones Newswires discuss.

With the Bank of England considering an even larger rate cut before deciding on the 150 basis point cut, we can expect more rate cuts in December, Sarah Hewin from Standard Chartered Bank said. She says due to the current state of the economy, we may see rates as low as 1% by the first quarter of next year.

"Timeframes are key", Steven Mayne from Montague Pitman Stockbrokers said, as he discussed the future of some prominent UK banks.

UK interest rates could fall as low as 1.5% as inflation slows rapidly, Daragh Maher from Calyon told CNBC. UK annual consumer price inflation fell in October to 4.5%.

Platinum producer, Lonmin posted a 19% rise in annual earnings per share Tuesday. It also announced it would close uneconomic operations amid falling prices. CEO Ian Farmer discusses how focus has changed to cost as opposed to volume.