Anthony Bolton, the former manager of the Fidelity Special Situations fund and one of the UK's most high-profile investment managers, is optimistic that the stock market is approaching its low point and has in recent weeks bought shares for the first time in two years.

Speaking to the BBC's Today programme, Bolton said he believed that "a lot of ingredients are now there to restore confidence" in the stock market, and that he saw "a lot of value in certain areas of the market".