Markets

Shares in technology giant Apple are today poised to fall around 5% after it delivered a trading update which missed expectations.

GDP data released today is expected to paint a miserable picture for the UK economy, with a contraction in growth forecast for the second quarter.

FSA chairman Lord Adair Turner said the regulator is reviewing its approach to supervision following the LIBOR scandal, but said it would cost too much to prevent all malpractice in the industry.

Markets dipped into the red this afternoon after a weaker start in the US, as a round of poor corporate updates weighed on investor sentiment, compounding eurozone fears.

M&G is to explore ways to slow inflows into Richard Woolnough's £6.3bn Corporate Bond and £5bn Strategic Corporate Bond funds.

Henderson Global Investors has merged its Managed Distribution fund into its Cautious Managed offering, with managers John Pattullo and Jenna Barnard joining Chris Burvill on the combined portfolio.

The number of companies, governments and other institutions facing downgrades doubled in the first half of 2012, according to Fitch Ratings.

Former Cabinet Secretary Lord O'Donnell has emerged as one of the leading frontrunners to take the role of Barclays chairman.

Moody's has warned the outlook for Germany's AAA credit rating is negative, citing risks to the country from a possible Greek exit and wider eurozone troubles.

Six men have been convicted of offences relating to insider dealing which netted them £732,000 in profits.