Standard Life Investments' Jacqueline Kerr has handed management of the group's £517m Global Advantage fund to the group's multi-asset team, led by Euan Munro.

M&G's bond manager Jim Leaviss has clashed with Artemis' James Foster over whether the MPC should raise interest rates.

Artemis fixed income manager James Foster says the governor of the Bank of England needs to raise rates now to prevent inflation becoming embedded in the system.

Liontrust Asset Management has agreed the sale of its credit team and transfer of two funds to credit investment manager Avoca Capital.

Bank shares led the FTSE 100 higher in early trading as investors breathed a sigh of relief that the Independent Commission on Banking had opted to ring-fence banks rather than break them up.

Fidelity's Robert Rowland has retired from portfolio management after 11 years, handing his Japan fund to June-Yon Kim.

Invesco Perpetual's head of investment Neil Woodford warns BP and Shell are not attractive even with higher oil prices.

Neil Woodford, Invesco Perpetual's star income fund manager, warns George Osborne's UK growth forecasts are too optimistic and expects growth to remain lower for longer.

The Office for Budget Responsibility (OBR) said today the UK's economic recovery will lag previous recoveries in the 1980s and 1990s.

The governor of the Bank of England has warned inflation could top 5% because of rising inflation expectations and higher commodity prices.