UK CPI inflation fell back to zero last month, down from 0.1% in May, as the prices of clothing, fuel and food all fell.

Fund managers have warned the Chinese government's latest intervention to halt a stock market rout will not be enough to prevent a noticeable slowdown for the world's second largest economy, with huge repercussions for global growth.

The Greek government has been given a final chance to avoid default and an exit from the euro as eurozone creditors have urged new finance minister Euclid Tsakalotos to present new proposals.

J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.

BP shares have jumped after the oil giant agreed to pay $18.7bn worth of federal and state claims, to be spread over 18 years, for the Deepwater Horizon oil spill in 2010.

Neptune's Felix Wintle has described 2014 as a "frustrating" year for performance but has prospered again this year in part due to a zero weighting in "bond proxy" utilities.

Old Mutual Global Investors is to launch an offshore Global Equity Income fund for head of global equities Ian Heslop.

Ten funds producing red hot returns in 2015

Invesco Perpetual has hired a dealer and two analysts to work alongside heads of fixed interest Paul Causer and Paul Read.

Polar Capital has added a second European Income fund to its range due to investor demand for a product that excludes UK stocks.