Phil Doel's £45m F&C UK Select trust will be wound up after failing to beat its benchmark over the past two years.

VCTs have doubled their fundraising in the most recent complete tax year, according to the AIC.

American investment bank Goldman Sachs has posted better than expected first quarter profits of $3.46bn (£2.25bn), almost double what it made in the first quarter of last year.

The FTSE 100 opened positively, up 0.45% or 25.88 points to 5,753, despite food retailers dragging on the index.

Edinburgh Partners' Dale Robertson has completed 95% of rationalisation task on trust

Fidelity Asian Values has introduced gearing for the first time since September. The £120m trust has drawn down $9m of a $15m loan facility it arranged ING Bank in February.

Premier's Alex Ross is bullish on the outlook for the central London office rental market predicating demand will outstrip supply

Allianz RCM's Michael Konstantinov has closed energy and commodity underweights as a result of rising prices.

First State's Peter Meany believes utility stocks are beginning to look attractive again, following months of underperformance.

Secured Life has launched a fund that generates income through the repayment of loans collateralised by US life insurance policies.