Group gives Gait and Paul freedom to invest up to 20% in stocks listed outside region.

Threadneedle is preparing to take on the management of LV='s retail fund range.

London's leading share index has broken through the 5,800 barrier, boosted by strong showings overnight in the US and Asia, and ahead of a crucial vote in Greece.

Old Mutual Asset Manager's Stuart Cowley and Fidelity's Trevor Greetham have clashed over the success of the measures being undertaken to aid the recoveries in the UK and US.

Skandia Investment Group (SIG) has swelled assets in its Strategic Bond fund after merging the Global Fixed Interest Blend and UK Fixed Interest Blend funds into the portfolio.

Aviva Investors has merged three manager of manager funds into its multi-asset portfolios.

M&G's Jim Leaviss will see his Corporate Bond fund swell to nearly £5bn as part of a series of mergers being carried out by parent Prudential.

The euro slumped today as eurozone finance ministers postponed Greece's €12bn bailout package until the country implements tougher austerity measures to curb its soaring deficit.

Investment trust analysts warn UK Growth & Income sector's 2.6% premium could vanish following inevitable hikes in UK interest rates

Veteran investor Jim Rogers has warned the US is nearing a financial crisis which will be worse than 2008, unless the government initiates draconian cuts.