David Stevenson, co-founder of Ignis Asset Management joint venture Cartesian Capital Partners, is set to leave the firm at the end of the year.

Morningstar has ditched the absolute return category from its sector classifications, saying too many funds in the space have failed to produce a positive return.

BlackRock's Mark Lyttleton has entered Bestinvest's infamous list of "dog funds" after underperforming the benchmark consistently on both his £1.4bn UK Dynamic fund and £541m UK fund.

LVAM's Graham Ashby and Cavendish's Paul Mumford have both ruled out buying into Glencore, although its share price has dived 13% since listing on the London market in May.

Andrew Bell is set to boost emerging market exposure on £1bn Witan trust and halve number of European stocks.

The UK government bond bull run is ‘overdone' and set to derail, with yields rising from their historic lows as investors struggle to find value in the space, managers say.

Federal Reserve chairman Ben Bernanke said the Federal Reserve will not take any immediate action to boost the US economy, but said he will employ tools "as appropriate".

Britain's economy grew at 0.2% for the second quarter, according to the first revision of the data by the Office for National Statistics (ONS).

Short-selling bans on a number of French, Italian and Spanish banks introduced earlier this month have been extended until the end of September in a bid to stem market volatility.

Glencore's share price has risen in early trading after the group reported a 57% increase in profits for the first half of the year.