News

The UK economy grew at 0.5% in Q1, in line with previous estimates, according to Office for National Statistics (ONS)figures.

Henderson's John Pattullo and Jenna Barnard have closed out short duration positions in gilts and treasuries after revising their interest rate expectations.

The FTSE 100 was down in early trading as ongoing uncertainty about the Greek bailout hit markets and sent the euro lower against the dollar.

Shortsellers rounded on Glencore on the first day of official trading of shares in the commodities giant, casting a shadow over its blockbuster £37bn listing on the London stock exchange, the Guardian reports.

The US Treasury is to sell part of its majority shareholding in failed insurer AIG.

Invesco's chief economist John Greenwood has shot down bearish forecasts for economic growth in the UK and said it should beat expectations from the Office for Budget Responsibility (OBR).

Sterling has recovered from a seven-week low, moving higher against the dollar after it fell on Moody's threat to downgrade a raft of UK banks.

Goldman Sachs has reversed its bearish call on commodities, urging investors to buy as it expects oil will surge to $130 a barrel in the next 12 months.

Goldman Sachs Asset Management has made its unconstrained Goldman Sachs Strategic Income Bond portfolio available to UK investors.

Alistair Lumsden, the London hedge fund manager who foresaw the US sub-prime mortgage crash that led to the credit crunch, has warned the US housing crisis begun in 2007 is far from over.