Equity managers at F&C and Threadneedle are among those to have been adding to Tesco ahead of today's results which showed profits had risen 12.1%.

The FTSE 100 has fallen as much as 3.5% as fresh eurozone concerns pushed the index down to the 4,900 mark.

AXA IM has launched the AXA WF Framlington Natural Resources fund, a global equity offering managed by Sebastien Lagarde and Olivier Eugene.

Standard & Poor's has maintained its AAA long-term credit rating for the UK and said the outlook remains stable, while warning GDP will be lower than forecast for the next three years.

The FTSE 100 has found support around the resistance level of 5,000 points as investors weigh up Greece's latest troubles.

HSBC Global Asset Management (GAM) is to launch three low-cost portfolios, offering access to global equity and bond markets as well as alternative investments.

BlackRock has launched an Absolute Return Bond fund for Ian Winship, targeting positive performance above cash in all market environments.

News that Greece will fail to meet deficit reduction targets pushed the FTSE 100 down 2.8% at open, dragging it below 5,000 points.

First State's Joanne Warner has said greater regulatory scrutiny means mega-cap M&A on the scale of BHP Billiton's failed 2008 bid for Rio Tinto will never return.

Fidelity manager sees opportunities within Chinese retail sector after correction.