Economics

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.

The prospect of today's tapering announcement from the US Federal Reserve kept action in the FTSE 100 to a minimum in morning trading.

Royal Bank of Scotland(RBS)could make a decision on the sale of its 315-branch Project Rainbow business this week, amid reports one of the three bidders for the unit has had its offer rejected.

GLOBAL

UK

UK CPI inflation fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

It is 'possible' the coalition government could break up before the next general election in 2015, according to Vince Cable.

US hedge funds moved to snap up shares in Lloyds Banking Group overnight as the UK government put its 6% stake up for sale in a move to begin privatising the bank.

John Wyn-Evans has joined Investec Wealth & Investment as head of investment strategy.