Allianz Global Investors is to merge away three UK equity funds as it refocuses its adviser business in the UK.

UK growth may yet provide a positive surprise relative to developed market peers, according to analysts at Credit Suisse.

The gold spot price rose to its highest level this year yesterday as global equity markets started the quarter with strong rises.

DIVIDENDS

High yield bond investors will face challenges in 2013 as companies take advantage of market conditions to issue lower-yielding debt.

Jon Mawby from ECM Asset Management has joined GLG to run its £166m Global Corporate Bond and £189m Global Strategic Bond funds.

Emerging market corporates' interest in global brands can be a "real positive" for European companies now trading at takeover valuations, according to Franklin Templeton's Mark Mobius.

Michael Godfrey, co-manager of the M&G Global Emerging Markets and M&G Asian funds, has left to pursue other opportunities after eight years at the group.

Former Skandia CIO Clive Hale, Ex-Saltus partner Dan Kemp (pictured) and former MAM fund manager Sam Liddle have teamed up to launch consultancy business Albemarle Street Partners.

The FTSE 100 has opened up 0.4% on the final day of Q3 trading as Spain's 2013 budget measures helped ease concerns over the country's economy.