Anthony Bolton's Fidelity China Special Situations investment trust lagged its benchmark in the final quarter of 2011.

Terry Smith, the City veteran and founder of low cost fund management group Fundsmith, has attacked platforms in the UK for adding to the overall cost of investing in funds.

The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.

The price of Brent crude hit a six-month high last night amid fears Iran had halted exports to Europe.

Fidelity's Sanjeev Shah has said he does not foresee a major market sell-off in the near term, as the FTSE 100 trades at a seven-month high.

Henderson is to convert its £568m Higher Income fund into a global equity offering, Investment Week understands, as part of a major overhaul of its fund range.

The embattled Greek economy shrunk by 7% in the last quarter of 2011, as fiscal and political crises ravaged the region.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

Yields on UK gilts jumepd in early trading as investors reacted to the threat of a possible downgrade of the UK's AAA rating.

GLG has soft closed Stephen Harker's £1.1bn Japan CoreAlpha fund and the offshore version for a temporary period because of liquidity concerns in the Japanese market.