Baillie Gifford's £2.5bn Scottish Mortgage investment trust's share price grew 22% over the past year, largely driven by its exposure to technology, according to the deputy manager.

Alliance trust has bought back shares for the seventh consecutive working day as it steps up its fight with activist investor Laxey Partners.

Portugal's finance minister said its €78bn EU rescue package will push the country into recession this year.

Jeremy Tigue's £2.2bn Foreign & Colonial investment trust has underperformed its benchmark in the first quarter.

The FTSE 100 fell below the 6,000 mark mid-afternoon as weaker than expected US jobs data combined with a sell-off in commodities to weigh on shares.

Legal & General Investment Management (LGIM) has grown its assets 8% in the first quarter after achieving gross new business of £11bn.

BlackRock and Fidelity are both backing commodities giant Glencore's IPO, according to reports.

Standard Life Investments' Karen Robertson is running a 10% position in miners within her UK Equity High Income fund despite the lack of yield historically available in the sector.

Brewin Dolphin has thrown its weight behind Alliance Trust and said it will vote against the resolution put forward by Laxey Partners to introduce a discount control mechanism.

Almost half of RAB Capital's Special Situations investment trust will be invested in the Master fund of the same name when redemption requests are paid out in October.