UK

Top-performing Jupiter Financial Opportunities fund manager Philip Gibbs has identified insurers as one of only a few current attractive investment opportunities in the battered financials sector.

UK vehicles from the likes of Newton, Majedie, JO Hambro and Invesco Perpetual have all been given the highest scores for overall performance and low volatility in wealth manager Rowan's latest Making the Grade report.

Legal & General it to launch UK Special Situations trust to be run by Matt Fletcher, manager of UK Equity trust.

A combination of weakening fundamentals, technical selling and sheer panic are producing stock prices that are at extreme odds with companies' long-term prospects, according to Schroders' Nicholas Kirrage.

WH Ireland has further postponed the launch of its UK focused Income Plus fund because of adverse market conditions.

Andrew Millington has defected from Baillie Gifford to become investment director of UK equities at Standard Life Investments (SLI).

Trevor Green, incoming manager of New Star Select Opportunities, plans to slash the portfolio from 88 to 70 holdings, purging the fund of early stage companies that have rendered it fourth quartile over one, three and five years.

The Henderson UK Opportunities fund has adopted UCITS III powers after shareholder approval was granted at its last EGM on Friday (26 September).

Standard Life Investments' (SLI) UK Equity Growth fund has been awarded an AAA rating by Standard & Poor's in recognition of its consistent strong performance.

Resolution Asset Management (RAM) has appointed former Threadneedle Pan-European research head Neil Richardson as deputy head of UK equities.