Newton's chief investment officer Simon Pryke is leaving the firm after almost 20 years to pursue more commercial roles.

The FTSE 100 has opened another 0.1% higher after investors grow more optimistic that a deal to stop Greece defaulting on its debt will be struck in the coming days.

River & Mercantile Asset Management is soft closing Philip Rodrigs' UK Equity Smaller Companies fund following strong inflows during the past year.

UK equity managers Simon Brazier and Clive Beagles have turned more positive on Vodafone, snapping up shares in the company three years after they both cautioned about the telecom's prospects.

Global asset management firms have avoided being labelled "systemically important" but face a review into potential systemic risks posed by their largest funds.

Anthony Bolton has urged investors to be "steely" and hold on to their nerve particularly during volatile times, as he talked about his tenure as fund manager of the UK's largest unit trust.

Are fund rationalisations set to continue?

Crux Asset Management, the recently-launched boutique set up by European equity manager Richard Pease, has hired another former New Star and Henderson colleague Karen Zachary as chief operating officer.

The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.

The London Stock Exchange and Hong Kong's Securities and Futures Commission have reached a deal allowing Hong Kong investors easier and cheaper access to UK-quoted companies than ever before.