ASIAN INCOME

Private client manager James Hambro & Partners is to merge with Calkin Pattinson to create a combined group with £1bn in assets under management, advice and administration.

Fidelity is to rename Aruna Karunathilake's £167m UK Aggressive fund to better reflect its investment style.

Seven leading global banks, including Barclays, RBS and HSBC, have been issued with subpoenas by the state of New York over the alleged rigging of LIBOR.

Bank of America Merrill Lynch's latest 'equity hitchhiker's guide to the global galaxy' has outlined a range of prospective trades for investors in the coming months.

FIXED INCOME ALLOCATIONS

The popularity of M&G's fixed income offerings has seen it continue to dominate UK fund sales rankings in the second quarter of 2012, according to Fundscape's latest Pridham Report.

Standard Life has risen 5.5% in early trading after impressive interim results, helping push the FTSE 100 up 0.7%.

UK CPI inflation has risen to 2.6% in July, up from 2.4% in June, surprising economists who had expected a fall to 2.3%.

Henderson has reported net outflows of £2.1bn in the first half of 2012 as second quarter retail outflows hit AUM amid difficult markets.