Disrupting the disruptors

BlackRock Continental European Income

Tesco shares have fallen as much as 4% on reports it is considering a rights issue to shore up its balance sheet.

Tesco's third largest shareholder Warren Buffett has described his investment in the supermarket as a "huge mistake".

The equity bull run is getting long in the tooth and managers are being complacent about the rising risks, argues Stephen Lamacraft from Woodford Investment Management.

The PIMCO Total Return bond fund shed a net $23.5bn in September, latest figures show, as outflows accelerated following Bill Gross' departure.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

Mid Caps

Baillie Gifford has lifted its stake in Hargreaves Lansdown to over 5%, taking advantage of a fresh slump in the D2C platform's share price last week.

Franklin Templeton is to rebrand Colin Morton's UK Blue Chip fund as the Franklin UK Rising Dividends fund in a bid to make it more attractive to those seeking a growing income stream.