Paul Tucker,deputy governor of the Bank of England, has warned inflation will be higher than expected this year, following yesterday's unexpected rise in CPI.

Billionaire hedge fund boss John Paulson has revealed to investors he is shorting European sovereign bonds.

A successful manager can add as much as 5% to the value of a fund every year, according to a new study.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.

Japan has agreed to loan the International Monetary Fund (IMF) $60bn after repeated calls from the organisation for additional funds to help it tackle the eurozone crisis.

India's central bank has cut interest rates for the first time in three years in an attempt to boost growth.

Worries over the health of sovereign nations in Europe - and in particular Spain - have pushed bond yields sharply higher during trading today, while equity markets are clinging on to gains following a strong start.

ITs

Ardevora, the asset management group set up by ex-Liontrust star Jeremy Lang, has seen assets under management climb above £100m for the first time.