Economics

The Bank of England's chief economist has suggested interest rates could remain low for a protracted period without causing inflation to spike.

The broad sell-off across equity markets this week is just a mid-cycle correction and will only make the equity rally last longer, Fidelity's Dominic Rossi has said.

Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.

Sterling could fall much further against the US dollar if the UK's current account deficit is not addressed, bond managers have said.

The FTSE closed down 0.25% after yesterday's worst one-day fall in 16 months was followed by a volatile session today.

The UK unemployment rate fell from 6.2% to 6% in the three months to August, hitting a six-year low, according to the Office for National Statistics (ONS).

The UK's pharmaceutical sector dragged the FTSE deep into the red this morning after US giant AbbVie said it is reconsidering the planned takeover of Shire, casting doubts over elevated share prices.

The Bank of International Settlements (BIS) has warned of a potentially 'violent' market crash as financial markets are dangerously stretched.

UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.

The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.