Royal Mail suffered a 21% profit fall in the half year ending 28 September 2014, but beat analysts' expectations of a 30% drop.
Cazenove Capital Management's CIO Richard Jeffrey said the Bank of England should have raised interest raised this year instead of waiting for perfect economic conditions.
UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.
Japan has dropped back into a recession, after GDP shrank for a second successive quarter.
Chinese data for October came in weaker than expected on Thursday, dragging down the mainland index, but Hong Kong shares have remained strong.
L&G's asset allocation team predicts the most likely date for an interest rate rise will be May 2015, despite a clash with next year's general election.
Japan's Nikkei index closed at a seven-year peak this morning, following a significant purchase of ETFs by the Bank of Japan after Monday's trading ended.
New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.
Stocks in Shanghai and Hong Kong have rallied after authorities confirmed the trading link between the two cities' exchanges is to open next week.
US shares have continued to rally after European Central Bank (ECB) president Mario Draghi laid the groundwork for full blown quantitative easing in the eurozone.