UK income managers may be set for a huge boost if Vodafone agrees to sell its 45% stake in Verizon Wireless, but any deal could create longer-term problems for the UK dividend market.

Managers at Odey and M&G have taken opposing views on the fortunes of Aberdeen Asset Management as the impact of the emerging market sell-off polarises opinions.

The US economy expanded at a much greater rate than expected, according to latest figures released this afternoon, helping push benchmark US treasury yields back up to 2.82%.

Skandia UK sales director Steve Powell is to retire at the end of the year after 23 years with the group.

UK net retail fund sales reached their highest level in over two years in July as investors shrugged off June's market volatility.

Shares in Vodafone have risen 9% to their highest level since late 2001 after the group re-opened talks with US peer Verizon over the sale of their joint venture.

Mark Carney has moved to defend the Bank of England's 'forward guidance' policies and said further stimulus may be necessary keep the UK economic recovery on course.

Alan Gadd has joined Artemis as head of product and distribution development as the group further expands its distribution capabilities.

Fund managers investing in Hargreaves Lansdown are torn on whether to add to positions as the company readies the next phase of its RDR-friendly business model.

AXA Framlington's Mark Hargraves is to take over management of the group's Global Opportunities fund as Mark Tinker becomes Asia business head.