Foreign & Colonial Investment trust has appointed Simon Fraser as a non-executive director and chairman designate.

Henderson's Bill McQuaker, Schroders' Andrew Yeadon and Sarasin's David Vickers have been selected to run funds for IFA Foster Denovo's new investment company, Sequel.

The FTSE 100 slipped slightly this morning after Wall Street's recent rally stalled overnight.

Henderson New Star has appointed Ainslie McLennan to work alongside Marcus Langlands Pearse on the £635m New Star UK Property fund.

Wall Street continues to be buoyed by comments yesterday from Fed chairman Ben Bernanke indicating the recession in the US could be over.

Unemployment in the UK rose by 210,000 to 2.47m in the three months to July, which is the highest level since May 1995, according to the ONS.

Neptune's Felix Wintle anticipates a Q4 US rally despite the market having moved up 50% since March.

The FTSE 100 is off to a solid start this morning after a late surge on Wall Street yesterday following Ben Bernanke's comments that the US recession is over.

Wall Street shares dipped on opening as a trade spat between the US and China escalated.

Fund managers believe the use of performance related fees will increase over the course of the next year, according to research from Skandia Investment Group (SIG).