Investors are becoming increasingly concerned an increase in exposure to small and mid-cap stocks by UK All Companies funds could leave them vulnerable to a correction.

The second reading of UK economic growth in the last quarter of 2013 remained unrevised, but the current account deficit came in much higher than expected, official data has revealed.

Aviva Investors has sold its US equity investment management subsidiary River Road Asset Management in an effort to streamline its US business.

David Jane, founder of Darwin Investment Managers, has bought back into gold and gold miners, in the view the asset bottomed at the end of last year.

Kames Capital is set to launch its first Property Authorised Investment Fund (PAIF) on Friday, to be co-managed by David Wise and Alex Walker.

BNY Mellon has moved to soft-close two of its popular absolute return vehicles - including an Insight product - after inflows soared in recent months.

Shares in Lloyds Banking Group fell more than 5% this morning after the government sold another 7.8% of its stake in the bank last night.

Standard Life Investments has agreed to buy Ignis Asset Management for £390m, in a move which will also see the group work more closely with Ignis' parent Phoenix Group.

The government last night sold another 7.8% of Lloyds Banking Group to institutions in its continued effort to return the government-backed bank to shareholders.

Sam Liddle has joined Church House Investment Management to head up sales of its low volatility fund range to the UK IFA market for the first time.