OUTLOOK 2013

Smaller companies and recovery stocks were highly featured in wealth managers' best performing funds of the year, much to the chagrin of those continuing to back defensive names.

Invesco Perpetual has made its head of marketing Rick White redundant.

Sports Direct investor Crispin Odey has labelled its founder Mike Ashley "a genius" and said he is fully behind a bonus scheme, which would see Ashley scoop a £39m payout.

Standard & Poor's has become the third main credit rating agency to put the UK's AAA rating on "negative" watch.

Asian equity boutique Coupland Cardiff is set to add a Japanese income fund to its range in the New Year.

Global fund management groups such as BlackRock, T Rowe Price and Federated Investors are rushing to set up ‘ultra-short' bond funds to lure investors away from the money markets.

The ECB has cut growth forecasts for next year as President Mario Draghi warned of a continued gloomy outlook for Europe in 2013.

As the Chancellor George Osborne delivered his Autumn Statement earlier today, the investment industry and press took to Twitter to give their views on the changes.

AUTUMN STATEMENT