The Monetary Policy Committee (MPC) are split 6-3 against a rate rise for the second month, with opinion divided on how to tackle soaring inflation without snuffing out growth.

UK blue chip shares saw losses at opening following declines overnight in global markets.

Nigel Legge, former chief executive of Liontrust, is planning to return to the asset management industry with the launch of Vinculum Fund Management.

Gold mining equities are poised to climb a further 30%-40% before they are fully valued, according to Investec Asset Management's Bradley George.

Jupiter Fund Management said today its bill for financial failures such as Keydata has come to more than £5m.

Jupiter Fund Management today revealed it would be paying shareholders a 4.7p dividend as profit rose sharply to £42m while assets under management and net inflows also climbed.

Investec's global asset management business expects to see assets jump 22% year on year after record inflows into the business during 2010/11.

Clive Beagles has steered the JOHCM UK Equity Income fund to outperformance over one, three and five years.

Legal & General Investment Management (LGIM) achieved record profits for 2010 after growing funds under management 12%.

Fidelity International has launched a long/short fund for Aruna Karunathilake after expanding its Fidelity Active Strategy (FAST) range.