Former Henderson multi-manager head Mark Harris is to join Eden Financial next week to co-manage its multi-asset fund.

Investec has reached an agreement with Evolution to purchase the Williams de Broe owner in a deal worth £233m.

M&G bond star Richard Woolnough has built up the largest exposure to high yield across his three bond funds since he started at M&G in 2004.

UK shares were muted at the open, failing to take advantage of yesterday's 3% rise in the S&P 500.

Kames Capital is launching an absolute return fund for Stephen Snowden and Colin Finlayson, its first new offering since its rebrand from AEGON Asset Management.

Veteran investor Jim Rogers has criticised the Swiss central bank's move to cap the franc and suggested the Chinese renminbi could be the next safe haven currency.

Major US indices are trading 1.5% higher as shares follow UK and European markets upwards.

PREPARING FOR GREECE TO EXIT THE EURO

Newton is to lower the dividend target on Tineke Frikkee's Newton Higher Income fund in light of a "challenging market environment", as the group also moves to merge a number of its UK equity funds.

RBS expects Greece will experience a hard default this December in a move it says will cause "violent contagion" in global markets.