GDP

Four years after Lehman Brothers suffered the largest bankruptcy in US history, a former vice president at the investment bank has warned the financial system is on a ‘collision course' for another 2008-style event.

Marlborough's Giles Hargreave has been moving up the market cap spectrum in his Special Situations fund to boost liquidity, following a wave of inflows.

IMPACT INVESTING

Fears Chinese government's stimulus plans are not enough leave managers waiting on the sidelines.

The US economy expanded by 1.7% in the second quarter, more than previously thought, the latest reading has shown.

The Spanish region of Catalonia has asked the central government for a €5bn pay-out to help the struggling region, amid the country's latest GDP data showing it is in a deeper recession than feared.

L&C CIO

CHINA

CONTRARIAN

The Office for National Statistics has revised up its estimate of second quarter growth from a 0.7% contraction to a fall of 0.5%.