US economic growth saw a sharp slowdown in the first quarter of the year as a strong dollar hit exports, and bad weather hampered consumer spending.
Sterling and gilt yields have dropped after an initial UK GDP estimate showed growth slowed more than expected in Q1.
Assets under management at wealth manager St. James's Place (SJP) have passed the £55bn mark as pensions and ISA flows offset a drop in other investment business.
Henderson Global Investors is to sell its 40% stake in TIAA Henderson Real Estate for £80m, as its trading update revealed AUM grew by 10% in Q1.
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Global economic growth could be described as modest at best, so the implications of Greece defaulting on its debt and potentially exiting the EU do not bear thinking about, says Investment Quorum's Peter Lowman.
HSBC shares have jumped 3.5% after the bank launched a full review of its UK domicile in light of increased levies and a possible referendum on EU membership.
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