Invesco

Neil Woodford, manager of Invesco Perpetual's £20bn Income fund range, has become more cautious on UK equities after a strong six-month showing from the FTSE 100.

Invesco Perpetual has announced Mark Armour will take over as CEO at the end of this year, following the retirement of James Robertson.

Invesco Perpetual has handed top-performing UK manager Stephen Anness its Global Opportunities fund as part of a reshuffle of its equities division.

Skandia has agreed terms with Artemis and Invesco Perpetual to add its funds to its restricted panel launching next year.

Invesco Perpetual has appointed David Millar, Dave Jubb and Richard Batty to form a new multi-asset group as an integral part of its Henley investment team.

Invesco Perpetual's Neil Woodford has said he expects profit warnings will come "thick and fast" in the near term after identifying them as a key risk to markets in the current environment.

UK CONSUMER

The Mixed Investment 20-60% Shares sector continued to prove popular with investors in May, figures show.

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