Bank of England

The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.

Given the nature of the financial crisis and the depth of the accompanying recession, the recovery process was always going to be a hard grind.

INVESTMENT TRUSTS

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.

‘Too big to fail' asset managers could suffer the equivalent of a banking run if a strategy began to suffer, the Bank of England's financial stability director has warned.

Mark Carney said UK interest rates could rise before next May's general election if there are continued sustainable improvements in the economy, according to a report.

The governor of the Bank of England, Mark Carney, has warned the 2% target for inflation became a "dangerous distraction" for the UK's policymakers.

SENATE CONFERENCE

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.

Last week Investment Week held its Senate Investment Conference, encompassing 11 top speakers from leading asset managers who presented over the course of the two-day event.