Equities

Neil Woodford is to leave Invesco Perpetual next April to set up his own business, the group has announced.

ON EUROPE

ON EMS

Hargreaves Lansdown is in position to be a £39bn beneficiary of the Retail Distribution Review (RDR), according to Barclays.

Baring Asset Management is to launch a focused European fund for Nick Williams, head of small-cap equities, and Colin Riddles, portfolio manager on the small- and mid-cap desk.

THE BIQ QUESTION

ECONOMIC OUTLOOK

NORTHERN EUROPE

City Financial is preparing to launch an Asian macro fund for portfolio manager Geoffrey Barker.

In his final speech as deputy governor of the Bank of England Paul Tucker revealed that the resolution regime, which will allow one of the world's largest banks to collapse without being rescued, is now in place.