Gartmore saw outflows of £1.2bn following the suspension of star manager Guillaume Rambourg, its Q1 results reveal.

Former New Star fund manager Patrick Evershed is due to appear at the Court of Appeal today to defend a court ruling that his unfair dismissal case falls under whistleblowing laws.

David Cameron appeared to come out top in the final and most crucial of the TV leaders' debates in which he accused Labour of failing to significantly improve the country's economy.

JO Hambro Investment Management's Charles Bathurst has stepped down as head of funds distribution.

Franklin Templeton's Mark Mobius says letting Greece default on its debt would be the best way to ease the European fiscal crisis and calm contagion concerns.

Ignis chief investment officer and board director Peter Reid is leaving the firm.

Guillaume Rambourg is to return to Gartmore as an investment analyst as the firm names a new co-manager alongside Roger Guy.

The FTSE 100 jumped 53.6 points (1%) to 5,777.25 in early trading after Asian stocks rose overnight and concerns over a Greek default eased.

UK retail sales rose by a worse than expected 0.4% from February to March, figures from the Office for National Statistics (ONS) show.

The FTSE 100 was up by just 1.21 points at 5,724.64 in early trading as investors await government borrowing and retail sales figures due out later today.