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.
More than 40 per cent of shareholders voted against the re-election of Ellen Futter, James Crown and David Cote as directors, potentially heralding a boardroom shake-up at the largest US bank by assets.
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.
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 ...
The Bank of Ireland (BoI) has reversed controversial increases of mortgage rates for some of the 13,500 affected borrowers following pressure from consumers and lawyers.