Economics

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

FEATURE

GLG has hired a new co-manager for its top performing Strategic Bond fund to work alongside managers Jon Mawby and Steve Roth.

The FTSE 100 has risen in early trading as news of a fresh Pfizer approach for AstraZeneca sparks a 15% jump in the UK group's share price.

Pfizer has revealed it was rebuffed once again by AstraZeneca over the weekend about a potential takeover of the UK company, with the latter's shares soaring in early trading today in reaction.

The rise in special dividends from groups including Vodafone has led to a record quarter for dividend payments, although dividend growth slowed excluding the telecom giant's bumper payout.

Standard Life Investments' head of global equities David Cumming has said the group has finally lost patience with banks over bonuses, prompting last week's shock decision to publicly oppose Barclays' remuneration plans.

Outsourcing group Quindell has initiated legal action after an attack by a short-seller sent its share price tumbling 39%.

London's Gherkin skyscraper has entered receivership after one of its owners filed for insolvency.