Majedie Investments' subsidiary and manager Javelin Capital is set to launch an emerging markets fund in July.

LV= Asset Management (LVAM) has today launched a US income fund for UK equity fund manager Marcus Chandler.

F&C Thames River is to streamline its UK fund range next month by merging two of its UK equity funds into larger offerings.

The Aberdeen Private Equity trust is set to buy out original backer and major shareholder Elsina Limited by snapping up a 32% stake in the company.

Global equity investment trusts are reducing their allocations to the UK market in favour of emerging markets and specialist sectors such as private equity, AIC data shows.

The winner of tomorrow night's Champions League final will pocket £109m for just one game, sponsor MasterCard has revealed.

Aberdeen and Schroders have rejected Glencore after its listing this month, according to the commodities giants' share register.

London's leading share index is continuing to build on yesterday's gains despite US GDP growth remaining muted at 1.8% in the first quarter.

The OECD has sent out a stark warning the global economic recovery could spiral into stagflation on the back of rising oil and commodity prices.

A commodity sell-off sent the FTSE 100 down almost 2% at 3pm as investors dumped risk assets on European debt concerns.