Shares in oil giant BP shot higher this morning, lifting the wider market, after the group pleased investors by raising its dividend.

Yesterday Aberdeen Asset Management confirmed rumours it was in talks to buy Scottish Widows Investment Partnership (SWIP), a deal which would make it the largest listed fund management firm in Europe.

Invesco Perpetual's David Millar, Dave Jubb and Richard Batty - who joined the group from SLI this year - have revealed eight key investment ideas they are pursuing across the multi-asset portfolio at their new firm.

Buyers fear increased stock-specific risk as active emerging market funds run high weightings to developed markets.

Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.

Aberdeen Asset Management and Macquarie Group are the two remaining bidders battling it out for Scottish Widows Investment Management (SWIP), Investment Week understands.

Natixis Asset Management has launched a global multi-asset fund for managers Michael Aflalo and Pierre Radot.

iShares has launched three ultra-short bond exchange traded funds (ETFs) and two short duration bond ETFs as investors seek out new ways to protect themselves if interest rates start to rise.

Rathbone Brothers has seen a 15.6% increase in funds under management (FUM) in the first three quarters of the year, with flows accelerating in Q3.

News that the UK's best known fund manager Neil Woodford is leaving Invesco Perpetual after 25 years has caused leading fund brokers to suspend their ratings of his portfolios.