UK CPI inflation rose from 2.4% to 2.7% in May, according to the Office for National Statistics, a larger than expected rise driven by transport and clothing costs.

Equity income stocks could be among the biggest losers from an environment in which investors prepare for a tapering of US QE, investors have warned.

Former BlackRock head of UK retail Mark Elliott is to join Franklin Templeton as the latter reorganises its UK sales team.

Threadneedle has hired L&G Investment Management's Matthew Evans to its UK small-cap equity team as it strengthens its capabilities in the sector.

Is cash now the go-to asset? Leading investors are rediscovering its attractions as market valuations reach breaking point and inflation levels drop to historic lows.

Paul Tucker, deputy governor for financial stability at the Bank of England, is to leave later this year after more than 30 years of service.

RBS CEO Stephen Hester is to step down from the bank later this year as it "begins to prepare for privatisation".

The Bank of England's Andrew Haldane has said a possible sharp rise in bond yields represents the biggest risk for financial markets at present.

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.

Charles Stanley has reported an 8% increase in adjusted pre-tax profit for 2012-13 but lamented that an 'unfair' Financial Services Compensation Scheme levy knocked final figures.