Economics

Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.

US GDP contracted 2.9% in the first quarter as bad weather had a worse-than-expected impact, according to final estimates.

A hike in the base rate of as little as 0.25% would have a much greater impact on the disposable incomes of highly indebted consumers, potentially threatening the UK's recovery, Neil Woodford has said.

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Are the dangers of a bond bubble real?

Revenue from taxes on home buyers and savers looks likely to exceed money hauled in from ‘sin taxes' such as those applied to alcohol and tobacco, according to the Daily Telegraph.

Monetary Policy Committee member David Miles has outlined his desire for a rate rise before his exit in May 2015.

River and Mercantile Group, the asset management and consultancy business which formed in February, is to list today at a price which values the business at £150m.

UK pharmaceutical group Shire saw shares jump 10% by mid-morning, after it revealed it rejected a £27bn bid approach from a US group.

Lloyds Banking Group has increased the amount of shares it is to sell as part of the TSB initial public offering following stronger than expected demand.