Bryan Collings' Hexam Capital has taken over majority control of its joint venture boutique with Ignis.

Q & A

Fidelity will launch an income share class on Sam Morse's £3bn European fund, which will provide an estimated yield of 3.2%.

Cofunds chief executive Brett Williams has quit the platform with immediate effect with chairman Charlie Eppinger resuming the CEO role on an interim basis.

The IMF has raised its estimate for global growth this year by 0.4% to 4.6%, reflecting a stronger-than-expected first half.

Schroders multi-manager Andrew Yeadon has pared back exposure to higher risk assets across his three portfolios, believing the global recovery will be more stunted than previously anticipated.

Aviva Investors will take over the Henderson International Property fund from 2 August.

AXA Framlington's head of emerging markets William Calvert is leaving the group with managers Ming Kemp and Neil Denman.

Renowned investment guru Jim Rogers continues to avoid investing in the UK, believing the country's "staggering" debt problems are unlikely to improve.

BP has agreed to inform the US Government of any major business decision which could affect the future shape of the company following the Gulf of Mexico disaster.