Schroders is to launch a merger-arbitrage strategy run by hedge fund veteran John Paulson.

Affiliated Managers Group (AMG), best known in the UK for its 60% stake in Artemis, has acquired a majority holding in Veritas Asset Management.

Baring Asset Management is to shut its Corporate Bond fund on 2 May following several years of poor performance and a series of large redemptions, Investment Week can reveal.

Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

Oil major BP reported Q1 profits of $3.2bn, compared to $4.2bn in the first three months of 2013.

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Venture Capital Trusts have been hoarding investor cash after an error from HM Revenue and Customs left the vehicles afraid of issuing new shares.

Outsourcing group Quindell has initiated legal action after an attack by a short-seller sent its share price tumbling 39%.

London's Gherkin skyscraper has entered receivership after one of its owners filed for insolvency.

Richard Buxton and Philip Matthews have both slipped into the bottom quartile of the UK All Companies sector on a six-month view following their moves to Old Mutual and Schroders respectively.