Inflation should return to its 2% target within the next two years, the Bank of England said on Wednesday, but labour productivity remains the key uncertainty, as it downgraded its forecast for UK GDP growth from 2.9% for 2015, to 2.5%.
Tesco shares have had a volatile morning as it released dismal full year results.
Financial services professionals will continue to leave wealth management heavyweights in favour of the relative freedom of smaller firms, according to IFP chief executive Steve Gazzard
The next significant trade within European credit markets is likely to be out of Europe and into treasuries and gilts, says Odeys Tim Bond.
Robin Geffens call for the Financial Conduct Authority to make the disclosure of active share mandatory is the latest shout in what is a growing clamour for better ways to provide evidence of what he refers to as truly active management.
With an eye on the last third of the year, there is no need to downgrade forecasts, according to Brewin Dolphin's head of research Guy Foster.
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
According to Brewin Dolphin, it remains on track to finalise its new advisory pricing structure by year-end but has seen outflows from the business as a result.
Matthew Butcher, former head of research at Brewin Dolphin, has joined wealth manager Dart Capital.
The wealth manager saw a 215% jump in pre-tax profits as redundancy costs fell and discretionary AUM rose.
Technology failings at Brewin Dolphin will cost the group £32m in the first half of 2014.
Few contrarians are willing to put a gun to their head in what is appearing to be a game of Russian stock market roulette.
