The UK Statistics Authority has called for a review into the early release of sensitive economic data after Prime Minister David Cameron appeared to let slip details of Q3 GDP ahead of time.

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.

The growing number of off-exchange trading platforms is changing the way fund managers buy and sell shares, according to Nigel Thomas, manager of the £3.3bn AXA Framlington UK Select Opportunities fund.

Adam Smears, head of investment research at Skandia, has left the group to pursue other opportunities.

Rathbone Unit Trust Management saw its eighth consecutive quarter of net inflows in Q3 as funds under management continued to grow.

Quilter & Co and Cheviot Asset Management are in talks to combine their businesses via a private-equity facilitated merger.

European equity managers are increasing exposure to special situations stocks as they seek new opportunities away from overvalued defensive names.

European equities are failing to bounce back from yesterday's falls this morning as poor earnings and macro concerns hit home.

UK dividend payments hit another record high in Q3 2012, the latest figures from Capita have revealed, although the mood was soured somewhat as it warned it will be "much harder" to make progress in 2013.

Shares in Lloyds Banking Group and RBS have fallen today after broker Cazenove warned of the potential impact of further PPI provisioning.