Invesco Perpetual is to launch commission free share classes across its range by mid-2012, but will continue to pay a platform rebate.

Neil Woodford has revealed his "increasing concern" about the situation in the eurozone as he warns of a European credit crunch and the risk of the UK following Europe into recession next year.

Millionaires favour hedge fund manager Paul Singer, CEO of Elliott Management, as the manager they trust most with their cash, according to an investment club survey.

Shares in HSBC were down over 5% mid-morning after a trading update revealed underlying pre-tax profits fell from $4.6bn (£2.86bn) in Q3 2010 to $3bn for the same period this year.

The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".

Neptune US Income fund manager targets yield of 3.5%-4% per annum.

Kames Capital's Bill Dinning said the ECB needs to urgently introduce quantitative easing to avoid a situation that would make the Lehman Brothers collapse look like "child's play".

Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.

Kames Capital's Phil Milburn said Greece should be forced to leave the euro and Portuguese and Irish defaults pushed through as he outlines his solutions for the eurozone debt crisis.

ONE TO WATCH