UK

Fidelity's China Investment Trust, managed by Anthony Bolton, was named Best New Launch at the 12th annual Investment Week Investment Trust of the Year Awards, held last night.

Annual consumer prices inflation (CPI) rose in October to a four-month high of 3.2%, up from 3.1% in September and higher than economists' forecasts.

Peter Lees, head of UK equities at F&C, on why the UK is an exciting and rewarding place to be for investors.

Dominic Rossi, who has resigned as CIO from beleaguered fund group Gartmore, is joining Fidelity Investment Managers.

Invesco Perpetual plans to merge its two UK smaller companies funds following the departure of Andy Crossley at the end of the year.

The Lloyds Banking Group has named the boss of Santander's UK operations António Horta-Osório as its new CEO, replacing Eric Daniels.

Germany has agreed to give the EU's €440bn (£383bn) bail-out fund permanent status rather than letting it expire in 2013 as planned.

F&C recorded a £78m net inflow into its onshore fund range in the third quarter.

A poor session in Asia this morning and unconvincing display on Wall Street overnight weighed on the FTSE 100 as it opened four points down at 5,673.

The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.