Smaller companies fund favourite Moneysupermarket.com rose 16% in morning trading after announcing better-than-expected results.

VCT specialist Puma Investments has today launched its latest limited life venture capital trust, Puma VCT 10.

Invesco Perpetual may have to overhaul its investment trust range should it retain the £1.4bn Edinburgh trust mandate after the departure of manager Neil Woodford, analysts have said.

The chief executive of the Financial Conduct Authority is set to criticise asset management firms for the way they pass on the cost of third party research to clients.

The FTSE 100 opened above 6,700 on Friday as a pick-up in Chinese manufacturing data boosted mining stocks.

VCT funds under management have hit £2.9bn this year, the highest level since the sector was established in 1995.

Buyers fear increased stock-specific risk as active EM funds run high weightings to developed markets.

Leading investment trusts are racing to scrap performance fees as the move to clean pricing in the open-ended space puts pressure on charges.

Neuberger Berman is to launch a manager of managers absolute return vehicle as discretionary fund managers look to re-enter the space for the first time since the financial crisis.

J.P. Morgan Asset Management's head of thematic investing Gary Clarke has left the firm after two of his funds were liquidated.