UK

BP's US-listed shares of soared 7.6% yesterday after the giant announced it had temporarily stopped the oil leak into the Gulf of Mexico for the first time since late April.

Gartmore's share price has fallen sharply this morning following the sudden resignation of star manager Guillaume Rambourg last night.

Henderson chief economist Simon Ward believes the Bank of England must stop ignoring strong UK inflation and raise interest rates.

A US senator has stepped up the political attacks on BP, this time calling for an investigation into its Libyan interests and connecting the group with the deal to free the Lockerbie bomber.

UK GROWTH

UK INCOME

The UK is still in danger of losing its prized AAA rating despite the fiscal tightening measures unveiled by the new coalition Government last month, Standard & Poor's says.

The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.

Schroders' Richard Buxton will snub the high-profile Ocado IPO, saying the 200p to 275p per share price is far too excessive.

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