Markets

UK unemployment dropped to a near six-year low but sterling has fallen against the dollar after the Bank of England cut wage forecasts, suggesting rates will remain on hold for the foreseeable future.

CURRENCY

INFLATION

M&G has reported net retail outflows of £516m across its UK business in the first half of 2014, even as its European retail business continues to attract major interest.

Assets under management within GAM's discretionary and advisory portfolios increased for the first time in six years in the first half of 2014, the group has said.

ETHICAL

UK EQUITIES

Stock markets recovered from last week's bout of anxiety this morning as geopolitical concerns eased, with safe haven bond yields climbing and shares rallying.

Revenue and profits of UK mid-cap companies have beaten those of their FTSE 100 peers over the past year, as larger firms have seen their margins squeezed.

US treasury yields have fallen to their lowest level since last summer as concerns over Iraq and Ukraine spur a fresh flight to safety.