Economics

UK economic growth will slow down in the third quarter of the year, the National Institute of Economic and Social Research said, halving a previous estimate.

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

UK GDP increased by 0.7% in the second quarter of 2015, according to the Office for National Statistics' initial reading, the tenth consecutive quarter of positive growth.

Brevan Howard Asset Management senior economist Dr Gertjan Vlieghe is to join the Bank of England's Monetary Policy Committee as of September.

Insurer RSA has topped the FTSE All Share leaderboard this morning after rival Zurich Insurance confirmed it is considering a bid for the company.

Aberdeen Asset Management is at the bottom of today's FTSE 100 leaderboard after shares slumped more than 7% following a disappointing trading update

Hawkish members of the Bank of England's Monetary Policy Committee (MPC) keen to begin edging up interest rates were cowed by the recent turmoil in Greece, its latest meeting minutes reveal.

Chancellor George Osborne has announced a bill to overhaul the Bank of England, including a reduction in the number of Monetary Policy Committee meetings.

Helena Morrissey, chief executive of Newton Investment Management, has been appointed as a member of a Treasury body to strengthen Britain's position at the centre of global finance.