Sterling tumbled almost a cent against the dollar, down 0.7pc to $1.5145, as traders said falling inflation raised the prospect of more stimulus when Mark Carney takes over as Bank of England Governor in July.
Jamie Dimon, the chief executive and chairman of JPMorgan Chase. Haraz N. Ghanbari/Associated PressJamie Dimon, the chief executive and chairman of JPMorgan Chase.
LONDON (SHARECAST) - 1630: Close The FTSE charged ahead to finish at its highest level in 13 years today as a sharp drop in consumer-price inflation lifted the outlook for the UK economy, growing by 2.4 per cent in the year to April 2013, down from 2.8 ...
LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.
Lack of competition in the UK cement industry has cost consumers millions of pounds, according to the Competition Commission. It said the big firms had focused on maintaining market share rather than competing with each other.