Santander has confirmed it is "exploring the possibility" of the sale of a stake in its asset management division.

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

Franklin Templeton is set to close Mark Mobius' $2bn Templeton Frontier Markets fund to new clients next month, Investment Week understands.

St James's Place stock has fallen 10% in today's trading after majority shareholder Lloyds Banking Group placed 77m shares into the market.

A spike in Japanese government bond volatility has raised concerns that the unintended consequences of new policy measures could further derail the equity market rally.

The FTSE 100's long-running rally has been brought to a dramatic close this morning, with the index shedding 133 points in early trading as fears over an end to the US quantitative easing programme spook investors.

The Office for National Statistics' second estimate of Q1 GDP has left the reading unrevised at 0.3%, but hopes are growing of a more positive Q2 figure.

Japan's Nikkei 225 index has closed down 7.3% as comments from Federal Reserve chairman Ben Bernanke over a potential scaling back of quantitative easing spooked investors worldwide.

Legg Mason Capital Management's US fund manager Mary Chris Gay has exited the firm, Investment Week can reveal.

The vast majority of UK smaller companies funds have failed to produce significant alpha for investors over the past year, with the average fund's return lagging one benchmark index by ten percentage points.