The UK economy grew by 0.7% in the second quarter of 2013, a higher than previously estimated figure, according to latest figures from the Office for National Statistics.

BOND SELL-OFF

Analysts are upgrading their UK growth forecasts ahead of a potential upwards revision to Q2 figures this Friday.

The increasing likelihood of former US treasury secretary Larry Summers becoming Fed chairman next year has prompted a further spike in bond yields, analysts suggest.

The continued rise in US treasury yields has raised concerns the broader economic recovery may be under threat if the sell-off continues.

Royal London has seen inflows return to its asset management unit in H1, with the group highlighting the implementation of RDR as a key driver of growth across the business.

The FTSE 100 has shed 40 points in early trading to move back towards the 6,400 mark, compounding losses suffered in recent days.

M&G's Jim Leaviss established small positions in selected emerging market debt and currencies at the end of July despite remaining bearish on the asset class as a whole.

Investec's Clyde Rossouw has backed Samsung to confound market expectations of a slowdown in the smartphone market as he positions his Global Franchise fund for the second half.

The Financial Services Compensation Scheme (FSCS) has so far compensated 1,700 claimants with a total of £32m in relation to the failed CF Arch cru funds.