UK GDP contracted by 0.5% in the last three months of 2010, shocking economists who had predicted growth of between 0.2% and 0.6% and sending sterling into freefall.

F&C Asset Management saw its first quarter of net inflows towards the end of 2010, after four years of outflows.

Graham Kitchen, head of UK equities at Henderson, has taken over as head of equities from Bill McQuaker.

Update 15.45: Gartmore's share price has jumped further in afternoon trading and is now up 11.7% to 101.1p, whilst Henderson had advanced nearly 10% to 152p.

UK economic growth slowed towards the end of 2010, according to figures from the British Chamber of Commerce (BCC), sparking fears a recovery is faltering.

Fidelity is looking to raise £162.1m in a new share issuance on its China Special Situations trust, run by Anthony Bolton.

Gartmore shares dragged on the FTSE 250 yesterday amid fears takeover talks have slowed.

JO Hambro Capital Management has poached a pair of European fund managers from Thames River to launch a dynamic European fund next month.

Richard Timberlake and Paul Kim are set to join LVAM to run its multi-manager range.

Gold will be one of the best performing asset classes of the next decade and could return as much as 8% a year over this period, Castlestone's Angus Murray says.