Henderson's Mark Harris has removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence in a market rebound.

UK equity income managers are still forecasting dividend growth across the market this year, despite income behemoth BP suspending payouts until at least 2011.

Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.

Investec's Alastair Mundy has warned investors not to be reliant on dollar or sterling ‘safe havens' as the US and UK economies face a tough time reining in their burgeoning deficits.

A number of Henderson fund managers bought a 2% combined stake in Jupiter during the asset manager's IPO.

Russian President Dmitry Medvedev believes the Gulf of Mexico spill could lead to the "annihilation" of oil giant BP.

Henderson has walked away from a potential takeover of certain businesses of US group RidgeWorth Capital Management.

Santander, Spain's biggest bank, is the sole remaining bidder for the 318 Williams & Glynn branches being offloaded by Royal Bank of Scotland.

Chancellor George Osborne says troubled oil giant BP remains a "very strong company" and has the resources to cover the Gulf of Mexico oil spill costs.

Collins Stewart has acquired Surrey-based IFA and private client wealth manager Andersen Charnley for an initial £5m.