Economics

'Full scale panic' is once again returning to markets following the Greek election, with safe haven bond yields - including gilts - likely to continue setting new record lows, said M&G's Ben Lord.

The euro has fallen below the $1.30 barrier against the dollar, as Sunday's European election hangover continues to unsettle investors.

The FTSE 100 sunk through the 5,500 level today as political woe in the eurozone continues to cloud the outlook for the global economy.

Former Monetary Policy Committee member Andrew Sentance does not expect the Bank of England to unveil more QE tomorrow, and said this is the right course of action to avoid triggering higher inflation.

Yields on UK government debt are trading at an all-time low amid fresh panic in Europe, which has sent equity markets reeling.

The Queen has unveiled 19 new pieces of legislation in her annual speech to open Parliament, focusing on boosting the UK economy with a raft of business-friendly measures.

EUROZONE CRISIS

M&G Investments, the country's largest asset manager, saw its net inflows rise 5% to nearly £1.8bn in Q1, as parent company Prudential also reported a jump in sales.

The Financial Ombudsman Service (FOS) has ruled against an adviser who recommended clients invest in cells of the Stirling Mortimer fund range.

Scottish Widows Investment Partnership (SWIP) has expanded its global strategy team with the appointment of Kenneth Anderson as investment director.