Bill O'Neill has left Merrill Lynch Global Wealth and Investment Management to join UBS.

Schroders is preparing to launch a global bond product for Bob Jolly, the firm's head of global macro.

The trader suspended from GLG amid a Financial Services Authority (FSA) insider dealing probe worked on co-founder Pierre Lagrange's European long/short fund, Investment Week can reveal.

UK GDP contracted 0.3% in the last quarter of 2012, according the second reading of the data.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

The Bank of England's deputy governor, Paul Tucker, has raised the prospect of introducing negative interest rates to boost lending and support the UK economy.

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

The Bank of England's Monetary Policy Committee will tolerate missing the inflation target for the next two years in order to support the UK recovery, said Bank governor Mervyn King.

Former SWIP UK equities manager Jeremy Charles has joined wealth management boutique Thurleigh Investment Managers.

Hollywood director Ridley Scott has partnered with Orchard Media to launch an enterprise investment scheme which will finance six UK films.