Economics / Markets

The Bank of England is expected to raise its growth forecast for the UK to 3% following the strong recovery the country has seen.

Standard & Poor's has downgraded France's credit rating from AA+ to AA.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has announced it will maintain interest rates at their historic low of 0.5%.

The European Central Bank has announced a surprise cut in interest rates to 0.25%, sending the single currency tumbling.

SECTOR REPORT

TOP PERFORMERS

Invesco Perpetual has implemented a dilution adjustment to the price of Neil Woodford's Income and High Income funds, moving to bid pricing on both portfolios after a recent surge in outflows.

The UK economy will grow by 1.4% this year, thinktank the National Institute of Economic and Social Research (NIESR) has forecast.

The UK will be the fastest-growing Western economy next year, according to a survey by accountancy firm Grant Thornton.

The US Federal Reserve hat yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.