The FTSE opened more than 30 points higher Tuesday thanks in part to an 11% share price jump for builders' supplier Wolseley.

Premier's Chris Wright has introduced pub companies into his £38m UK Mid 250 fund.

Standard Life Investments (SLI) has reported a five fold increase in UK mutual fund net sales for 2009.

Threadneedle has hired Chris Kinder from RWC Partners to its UK equity team.

T.Bailey is planning to merge its £1.7m UK Best Ideas fund into its £158m flagship Growth portfolio.

BNP Paribas is offering its Vol Edge fund to UK investors for the first time.

Barclays jumped 8% in early trade after posting bumper annual profits, helping the FTSE to a 1.2% gain.

UBS Global Asset Management has appointed John Nestor as head of the UK.

Marlborough Fund Managers has renamed its Quantock UK Growth fund.

Emerging Markets manager sees recovery ahead for Mexico, Russia, Turkey and Peru