Polar Capital's UK equity team is being dissolved as manager Philip Hardy leaves the firm, the group said today.

The Financial Conduct Authority (FCA) has confirmed it is investigating firms in relation to trading on the foreign exchange market.

Rayner Spencer Mills Research (RSMR) has added three new tools to its ratings service, including the ability to rate new funds with less than a year's track record.

UK consumer prices index (CPI) inflation remained stable in September at 2.7%.

Hargreaves Lansdown reported a record £3bn increase in assets under administration in the three months to the end of September, but warned of headwinds to its revenues in the short-term.

Shares in Royal Mail jumped 2.5% to 487p as it officially floated today, following a flurry of trading activity in the stock prior to its listing.

Liontrust Asset Management is to acquire North Investment Partners, appointing founder John Husselbee, as well as former LV = manager Paul Kim, to run its first multi-asset proposition.

Fidelity FundsNetwork is to move to a clean-only model by the end of 2013 on all new business.

Baring Asset Management is to launch a focused European fund for Nick Williams, head of small-cap equities, and Colin Riddles, portfolio manager on the small- and mid-cap desk.

Man Group has appointed Neil Mason as senior managing director tasked with leading GLG's multi-strategy portfolios.