UK stocks continued to rise this morning with the FTSE 100 climbing 32.22 points (0.63%) to 5174.82 points in early trading.

The FSA is contemplating a u-turn in how it supervises the retail market as retail MD Jon Pain says it will have an ‘open mind' on regulating products in the future.

Warren Buffett has revealed in an interview with CNBC that his Berkshire Hathaway group was asked to help save AIG and Lehman Brothers as the financial giants stood on the brink of collapse last autumn.

Only 12% of the UK's most highly rated fund managers believe bonds will outperform equities over the next 12 months, according to a survey by Chelsea Financial Services.

F&C has made a debt exchange offer to holders of its £260m in subordinated notes, in a move aimed at reducing its gross and net debt.

Clive Cowdery's consolidation vehicle Resolution returned to the negotiating table with a sweetened offer for Friends Provident this morning.

M&G's Richard Woolnough has reduced his exposure to interest rate risk in his Optimal Income fund on the back of concerns about a possible excess in supply of government bonds.

UK inflation dropped below the Bank of England's target of 2% in June for the first time in almost two years, official statistics show.

The number of profit warnings issued by UK companies in the three months to the end of June fell to the lowest level since the same period in 2003, a report shows.