Markets

Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term, endorsing comments made by colleague Charles Bean earlier this week.

Euan Sutherland, group chief executive of the troubled Co-operative Group, has offered to resign from his role less than a year in to the job, saying the company is "ungovernable".

New limits on pensions tax relief, a boost for VCTs, and a simplification capital gains tax law are some of the likely headlines from next week's Budget, according to Brewin Dolphin.

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The FTSE 100 got off to a positive start on Monday, with shares shrugging off weak data from both China and Japan to move higher.

Polar Capital's chief executive Tim Woolley has sold 500,000 shares in the company for almost £2.4m.

Legal & General is to close its £222m Global Macro Themes fund - formerly David North's Diversified Absolute Return trust - as current manager Ben Gill leaves the group, Investment Week can reveal.

George Osborne is potentially facing a £20bn black hole in the public purse when he delivers the next Budget, according to a recreation of government models put together by the Financial Times.

With this week marking the five-year anniversary of both record low base rates and the FTSE 100 bottoming, Investment Week looks at the funds that have taken advantage of the subsequent recovery.