'Reassured', 'confident', 'positive' - just some of the words used by managers to describe today's Spending Review. Read on for full reactions…

Chancellor George Osborne has unveiled a range of cuts to government spending, aimed at bringing the UK's burgeoning deficit under control. Here are the key points.

Skandia Investment Group has removed RLAM from management on its £200m Corporate Bond fund, handing control of the vehicle to Fidelity.

The Bank of England was split three ways in its last meeting on interest rates and QE, with two rogue members voting to change the path of monetary policy.

Jupiter shares have soared 11% today after investors reacted positively to the group's £734m total net inflow in Q3.

HENDRY SLAMS HARGREAVES

Edinburgh Partners founder Graham Campbell is becoming CEO of Saracen Fund Managers and will take a significant equity stake in the boutique.

BlueBay chief executive Hugh Willis and CIO Mark Poole will each receive £81.9m for their 8.5% stakes in the company, which is set to be acquired by RBC.

Jupiter has recorded a £484m net inflow into its mutual fund range in the third quarter.

BERKSHIRE: A 'DUMB' BUY