Invesco Perpetual's Neil Woodford topped up his stake in supermarket Morrisons as BlackRock sold down its position at the start of 2013, according to reports.

The Office for Budget Responsibility has rebuked David Cameron over his claim austerity is not to blame for the UK's sluggish economy.

Shares in Schroders have climbed over 1% in early trading on the FTSE 100 as UBS removed its ‘sell' rating and investors grow more optimistic over the asset manager's prospects.

Chancellor George Osborne is set to give incoming Bank of England Governor Mark Carney more powers in a bid to revive the flagging UK economy.

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.

M&G's Graham French has been selling down his exposure to commodities after falling prices and a ‘poorly managed' sector hit the performance of his Global Basics fund last year.

Invesco Perpetual's Neil Woodford has said the fund management industry is "failing" on corporate engagement as he defended his own investment style to MPs this morning.

Politicians should unite to support the "overriding objective" of eradicating short-termism among investors, according to Aberdeen Asset Management CEO Martin Gilbert.

Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

Fund groups have renewed their calls for sub-divisions within the Absolute Return peer group, after the IMA revealed its long-awaited review of the sector last week.