Henderson Global Investors' £519m Bankers Investment Trust has boosted exposure to oil majors, taking the view the sector has been hit too hard in the downturn last month.

Improving returns for shareholders is the only way Alliance Trust will substantially reduce its discount, analysts have warned.

Baillie Gifford's High Yield manager Donald Phillips has been boosting exposure to Greek cororpate bonds to take advantage of the sky-high yields on offer.

VIDEO

BlackRock has launched an emerging markets equity income fund targeting a minimum yield of 30% above the MCSI Emerging Markets Equity index.

The UK economy has been dealt a fresh blow from the International Monetary Fund after it cut its growth forecast for this year and next and warned a lack of growth could derail the chancellor's austerity drive.

F&C's European manager Paras Anand is set to exit the firm at the end of the year.

Fitch Ratings has joined up with Lipper to launch a fund rating service which combines Fitch's qualitative fund analysis with Lipper's rankings and performance data.

Baillie Gifford's chief investment officer has said Europe's only option to tackle enormous budget deficits is to print more money.

UK unemployment has seen the sharpest quarterly rise in over two years, with the number of jobless people rising 80,000 to 2.51 million.