Ecclesiastical's Robin Hepworth has warned Western equity markets could fall as much as 10% when central banks finally act to tackle inflation.

MAM funds' Gervais Williams believes UK small caps are set to thrive in an anaemic growth environment as they focus on returning cash to shareholders.

Gartmore's Richard Pursglove and Phil Wagstaff will not be joining Henderson as part of the takeover deal.

The index of 100 leading shares bounced 1.57% this afternoon as better than expected economic data sent financial stocks soaring to the top the leaderboard.

The FTSE 100 opened higher this morning as the index began clawing back yesterday's losses as the Irish banking stress tests pushed investors to sell.

Irish banks need an extra €24bn (£21.2bn) to survive the financial crisis, pushing the total cost of bailing out the banks to €70bn, the BBC reports.

Aviva Investors has confirmed its long-standing plans to bring the group's £1.3bn multi-manager mandates in-house.

The FTSE 100 advanced in early trading after positive jobs data lifted the Dow.

Legal & General Investment Management's (LGIM) has today launched its UK Equity Income fund, the first offering to be run by former analyst Richard Black.

The FTSE has opened trading cautiously as investors await the final fourth quarter UK GDP reading this morning.