The UK must contribute an extra £1.7bn (€2.1bn) to the European Union's budget after the economy performed better than expected.

Dividends paid out by UK companies this year are expected to undershoot previous estimates as the impact of the strong pound hammers payouts, Capita's latest Dividend Monitor has warned.

Investors are "in the teeth" of a severe sell-off - but one which may be over relatively quickly, according to equity income manager Neil Woodford.

Henderson director of European equities Richard Pease is leaving the firm to join new venture Crux Asset Management, taking his £1.1bn European Special Situations fund with him.

Old Mutual Global Investors (OMGI) has hired former Ignis manager Russ Oxley to lead a newly-appointed fixed income absolute return team.

Cofunds is planning to review the language of a client letter after an adviser criticised its 'provider speak'.

Challenger bank Virgin Money has announced plans for an initial public offering this month, committing to a progressive dividend policy in the process.

EEA Group, the company behind the EEA Life Settlements fund, is urging investors who believe they were mis-sold the product to complain to the intermediaries who arranged the sale, following an alert by the Financial Conduct Authority (FCA).

The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.

Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, as headwinds continued to impact its global investment approach.