UK economy showing signs of distress
Firms seen double-digit falls
Speaking ahead of potential Fed hike next month
UK supermarket Sainsbury's reported a drop in retail sales for the fourth quarter of 2014 as it warned its market will "remain challenging for the foreseeable future"
Ardevora's Jeremy Lang, manager of the group's UK Income fund, remains nervous on banks but has renewed faith in opportunities in telecoms as the sector evolves.
Ardevora, the asset management group set up by ex-Liontrust star Jeremy Lang, has seen assets under management climb above £100m for the first time.
Ardevora Asset Management is launching its first UK-domiciled fund for managers Jeremy Lang (pictured) and William Pattisson, in conjunction with Margetts Fund Management.
Ardevora's Jeremy Lang and William Pattison have added an extra £2m of their own capital to their funds on a "reasonably bullish" view on equities.
Rob Page is leaving Ignis to join Ardevora, the boutique set up by his former Liontrust colleagues Jeremy Lang and William Pattisson.
Former Liontrust managers Jeremy Lang and William Pattisson are aiming to launch three absolute return funds in October.