Economics / Markets

MORLEY has unveiled its new-look SRI team, with the appointment of fund manager Derek Lygo to run the SRI Long Short Cell of its Alternative Investment Strategy fund.

BARCLAYS has made two of its income funds available to the retail market having initially launched them to institutional investors.

LINCOLN'S North American Trust has the option of investing up to 30pc of its asset allocation to the Russell 2000 Index.

The FTSE 100 has ended the day up 20.4 points, or 0.33%, to 6,149.6, with miners pushing the index higher despite a poor start from Wall Street.

The FTSE 100 is up 12.1 points, or 0.2%, to 6,141.3, pushed higher by a resurgent mining sector.

THE IMA has reported the "best September on record" for net retail sales, which soared to £1.5bn compared to £809m in the same month last year.

STRATEGISTS who called an end to the US small cap cycle were premature, said Robert Siddles of F&C, who thinks confidence in the economy has returned.

CHRIS Rodgers, HSBC's head of UK equities, is to leave the group to set up a boutique fund house with two former Schroder colleagues in the latest fallout following the bank's switch to multi-manager.

The FTSE 100 has ended the day slightly higher with a small rise of 2.4 points, or 0.04%, to 6,129.2, following a weak energy sector.

The FTSE 100 index is up 10.6 points, or 0.17%, to 6,137.4, with Friends Provident pushing the index higher.