Economics

The tapering of bond purchases in the US will not lead to interest rate rises, and could in fact prolong record low rates, M&G's Richard Woolnough has said.

Better-than-expected data from China and the Eurozone helped the FTSE 100 rebound from a three-day sell-off that saw the index hit a six-week low earlier this week.

Specialist investment manager Hargreave Hale has poached Jean Roche from Panmure Gordon in a move to strengthen its fund management team.

BOND SELL-OFF

Federal Reserve officials are united in their support for tapering bond purchases but split on the precise date of the move, according to the minutes of its latest rate setting meeting.

Accounting firm Baker Tilly has confirmed it will not make an offer for RSM Tenon Group.

Analysts are upgrading their UK growth forecasts ahead of a potential upwards revision to Q2 figures this Friday.

Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.

In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.

The increasing likelihood of former US treasury secretary Larry Summers becoming Fed chairman next year has prompted a further spike in bond yields, analysts suggest.