Equities

Shares in travel operator Thomas Cook jumped this morning after the firm outlined a further raft of cost-cutting measures.

Shares in Schroders have climbed over 1% in early trading on the FTSE 100 as UBS removed its ‘sell' rating and investors grow more optimistic over the asset manager's prospects.

Andrew Formica, chief executive of Henderson Global Investors, has tipped the rally in markets to continue from here as flows from bonds into equities finally start to increase.

Jupiter's John Chatfeild-Roberts has warned investors not to get carried away with the euphoria surrounding equity markets, saying many companies are being kept afloat by low interest rates.

The Dow Jones Industrial Average - one of the two most quoted indices in the US - has hit a record high above 14,200 points, surpassing its 2007 peak.

The UK's blue chip index is trading back near a five-year high this morning after a near 1% gain, as a bumper set of results lift shares.

The founder of online voucher company Groupon has been ousted after shares in the firm fell 24% in a single day.

Royal London Asset Management's Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.

AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world's largest tech firm.