Ex-Henderson manager Trevor Green has revamped the £128m Aviva Investors UK Focus fund since he took it over from Mervyn Douglas in May this year.

Moody's has placed Spain's Aa2 government bond rating on review for a potential downgrade over concerns the new bailout package for Greece will increase risks for bondholders.

US and Asian markets fell overnight on fears the US government will fail to resolve its debt crisis, ahead of a crucial vote by the House of Representatives today.

Legg Mason subsidiary Western Asset has expanded its global investment team with the appointment of Baillie Gifford's Gordon Brown and PIMCO's Chi-Liang Lian.

T1ps Investment Management (TIM) is set to launch the Elite t1ps India Fund, an equities-focused unit trust, on 1 August.

UK firms made the largest cash payout this quarter since 2008, Capita Registrar's latest dividend report has shown.

Property fund managers are flocking to the central London office market in the expectation the capital will outperform other regions, as the UK property sector's recovery since the financial crisis begins to stabilise.

Yesterday's new rescue package for Greece will be the first of many, according to Stuart Thomson, chief economist at Ignis, who added Europe's next problem will be recessions in Spain and Italy.

Crude oil advanced for a fourth day on signs Europe and US will contain their debt crises, easing speculation demand for raw materials will suffer, Bloomberg reports.

Anthony Cross' bearish views on retail banks and UK consumer-facing stocks are driving returns on the Liontrust Special Situations fund, which has seen assets grow from £13m last June to £131m.