Former Santander multi-manager Keith Speck has joined RSM Tenon Financial Management and will help develop the group's discretionary management process.

Schroders' head of multi-manager Andrew Yeadon has left the firm after a merger of its multi-manager and multi-asset teams.

Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.

The Royal Bank of Scotland (RBS) is making its first foray into retail fund management with the launch of cautious managed and balanced managed portfolios.

Fidelity International is bringing a small-cap-focused UK Opportunities fund to the retail market on 10 February.

Jupiter saw its assets under management climb 9% to £24bn in the fourth quarter, with net inflows of £772m beating analysts' expectations.

Invesco Perpetual is launching an Asian equity income portfolio for head of Asian equities Stuart Parks and manager Tim Dickson later this quarter.

BP shares soared 7% to a six-month high on the FTSE 100 yesterday as compensation payouts for its spill in the Gulf of Mexico looked set to be lower than expected.

The UK's GDP growth will be slow in the first half of 2011 but will start to pick up in the latter part of the year, according to economics research firm IHS Global Insight.

London's leading share index rose almost 150 points, or 2.48%, to reach 6,045 by late morning, buoyed by the commodities sector.