Jupiter Fund Management said today its bill for financial failures such as Keydata has come to more than £5m.

Jupiter Fund Management today revealed it would be paying shareholders a 4.7p dividend as profit rose sharply to £42m while assets under management and net inflows also climbed.

Chris Taylor, manager of the Neptune Japan Opportunities fund, has warned Japan may face downgrades to its credit rating and see its currency weaken after last week's earthquake.

UK blue chips made small gains in early trading after heavily sold-off Japanese shares ended a three-day rout to climb sharply overnight.

Jupiter's John Chatfeild-Roberts upped exposure to Japan in his £6bn Merlin multi-manager range in February with the addition of the GLG Japan CoreAlpha fund.

Nomura predicts the devastating earthquake and tsunami in Japan will cut between 0.5% and 1% off the country's GDP next quarter.

Legg Mason's Bill Miller is calling time on the commodities bull market and says he expects prices to peak within the next two years.

Gartmore fund managers Leigh Himsworth, John Anderson and Dan Roberts are among seven exiting the firm as Henderson reveals its new line up.

Barclays Capital is to roll out two new Oeics next month providing exposure to the FTSE Total Return Index as part of its plan to challenge existing long-only funds.

F&C Asset Management has launched a strategic review of the business, despite reporting a return to net inflows for the first time in four years.