Economics / Markets
The FTSE 100 has opened 0.7% higher this morning after recording its worst monthly performance in three years in June.
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European stocks are seeing heavy losses this morning and financial markets took a hit across Asia overnight as Greece said its stock exchange will be shut on Monday and banks closed all week after a decision by the European Central Bank (ECB) not to extend emergency funding to the country.
Interest rates in the UK could rise as early as August in response to a tightening labour market, according to Monetary Policy Committee member Martin Weale.
The month of May marked the end of the UK's brief spell of negative inflation, but advisers and investors are being warned to beware the result.
The FTSE 100 has opened 0.5% lower, with European stocks deeper in the red, after Greece’s bailout talks with creditors broke down overnight.
Some of the UK's largest asset management firms are preparing to quit their London bases if the country votes to leave the European Union, according to reports.
Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.
Schroders has expanded its range with the launch of an emerging markets multi-asset income fund.
Tesco has said it "sincerely regrets" the accounting error which overstated profits by £263m and is forecasting volatile times ahead for the firm.
The S&P reached a further record high at closing yesterday, as disappointing economic data coming out of the US alleviated fears of an interest rate rise in the near future.
Richard Woolnough, manager of the £24bn M&G Optimal Income fund, says he is at a loss to understand why the US is holding off on raising interest rates.
The Chancellor George Osborne is set to take the unusual step of delivering two Budgets in the same year after announcing plans to keep the promises the Conservatives made prior to winning the general election.
Renowned economist and coiner of the acronym 'BRICs' Jim O'Neill is to become a Treasury minister in the new government.
ShareSoc, the UK proxy group for individual shareholders, has launched an action group to represent the interests of unhappy Alliance Trust investors and urge the board to launch a strategic review.
Investors cheered last week's election result, but an EU referendum and SNP agitators could have major implications for markets this year. Six wealth managers analyse the possible impact.
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