UK consumer prices index (CPI) inflation has fallen to a 15-year low of just 0.5%, driven by plunging oil prices.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

UK Consumer Prices Index (CPI) inflation fell in the year to May, after the previous month saw its first climb in 10 months.

The rate of UK CPI inflation rose in the year to April, the first increase in ten months, according to the Office for National Statistics.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.

US treasury yields jumped yesterday and US futures fell after the second reading of US GDP growth for Q3 saw a large upward revision.

Janet Yellen has defended the Federal Reserve's quantitative easing programme in her first appearance before Congress.

Edward Bramson is to stand down from his role as chairman of F&C Asset Management, to be replaced by Keiran Poynter.

Yields on ten-year gilts rose this morning after the minutes from the last meeting of the Bank of England's Monetary Policy Committee (MPC) showed the majority of members backed new governor Mark Carney's move to provide forward guidance on interest rates....

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.