Markets

Bank of England Governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

The Royal Mail is to float next month, with the company valued at up to £3.3bn, the government has said.

J.P. Morgan Asset Management has hired BBC News' economics editor Stephanie Flanders as its chief market strategist for the UK and Europe.

The final estimate of UK second quarter GDP has seen growth left unrevised at 0.7%, with the annual rate of growth being revised downwards.

Liontrust Asset Management has recorded its 13th consecutive quarter of net inflows, helping push assets under management to £3.4bn.

Schroders has appointed Prudential Regulatory Authority (PRA) risk analyst Craig Botham to its global economics team.

Asset managers must seize the opportunity to flourish post-RDR as they implement new pricing structures, according to Artemis' new head of retail Richard Pursglove.

Harwood Multi Manager has revealed the ten most and least volatile funds in the IMA Global Sector over the past 12 months, amid renewed investor interest in the sector.

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

Aberdeen Asset Management is said to be in talks to buy Scottish Widows Investment Partnership (SWIP).