Economics

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.

The fallout from the latest deal to keep Greece in the eurozone means it is now "far more likely" the UK will vote to leave the EU in the 2017 referendum, according to Société Générale strategist Albert Edwards.

Sterling has hit a fresh seven and a half year high against the euro after Bank of England governor Mark Carney suggested the UK base rate could rise at the turn of the year.

European Central Bank president Mario Draghi has joined the ranks of policymakers calling for Greece to be given debt relief as the central bank extends its liquidity lifeline to the country's banks.

Chinese equities have rallied strongly after it was revealed state banks have lent some 1.3trn yuan ($209bn) to the country's margin finance agency in the latest step to prevent a market freefall.