UK

Chancellor George Osborne has urged cabinet colleagues "not to get ahead of themselves" about the UK's economic recovery.

UK

The UK economy grew by 0.7% in the second quarter of 2013, a higher than previously estimated figure, according to latest figures from the Office for National Statistics.

Invesco Perpetual's star manager Neil Woodford has warned that the UK market is likely to see a rise in short-term volatility as the US withdraws monetary support.

Analysts are upgrading their UK growth forecasts ahead of a potential upwards revision to Q2 figures this Friday.

Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.

Tapering panic has driven a major sell-off in government bond markets over the last month, but bond investors suggest there is scope for yields to go even higher from here.

HIGH YIELD BONDS

Neptune is to merge away its UK Equity fund, run by Scott MacLennan, later this year following the departure of highly rated manager Alex Breese.

IPOs