Mark Lyttleton has built up short positions in Schroders and Aberdeen in his £2bn BlackRock UK Absolute Alpha fund.

The Debt Management Office has raised almost half of its bond sales target for this financial year in just four months on continued strong demand for gilts.

Fidelity has added a sterling share class to its Luxembourg-domiciled Emerging Asia fund.

Legal & General Investment Management (LGIM) posted a 32% increase in IFRS operating profit during the first half of 2010, with the group recording gross new business of £21.2bn.

The Lloyds Banking Group has returned to profitability after posting a £1.6bn before tax profit in the first half of the year.

Henderson chief economist Simon Ward questions whether monetary tightening and fiscal cutbacks could send the global economy into a ‘double dip' recession.

BNY Mellon has launched a Dublin-domiciled version of James Harries' Newton Global Equity Higher Income fund - offering sterling, dollar and euro denominated share classes.

Schroders head of global equities Virginie Maisonneuve believes the US economy is in a volatile state between weak macro data and strong corporate results.

BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.

Nationalised lender Northern Rock has returned to profit in the first half of the year.