The UK's employment rate fell 0.3% between the fourth quarter of 2009 and the first quarter of 2010, according to labour market figures released today by the Office for National Statistics.

Liontrust's woes continue as CEO and co-founder Nigel Legge has stepped down to be replaced by new head of retail John Ions.

UK GDP only grew by 0.2% in the first quarter of 2010, lagging the 0.4% growth rate widely expected.