CPI

Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.

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

Renewable energy investment trusts are facing a shake-up as the government attempts to rein in spending on subsidies for solar development.

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.

Interest rates set to stay on hold

Nathan Sweeney, senior investment manager at Architas, says the UK recovery is gaining traction, although several global threats remain.

INFLATION

The UK's consumer prices index fell to 1.9% in January, bringing it under the Bank of England's 2% target rate for the first time in four years.

The UK's headline inflation rate fell to 2% in December, rounding off a near one percentage point fall since the summer, official data has shown.

PROPERTY