Equities

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CONTRARIAN

BIG INTERVIEW

Invesco Perpetual is adding two new managers to its Pacific fund to assist lead manager Stuart Parks.

Hugh Hendry has backed Japanese equities to continue their stellar start to 2013, but is also boosting exposure to sovereign bonds on concerns Japan's recovery will have harmful effects elsewhere.

BT shares have rocketed this morning after the group reported forecasting-beating results which have left it ready to take on rival Sky with its broadcasting plans.

Lloyds Banking Group is to axe 850 jobs from across the bank as part of its ongoing strategic review.

ON EUROPE

Shares in Manchester United have fallen at the start of US trading after it was announced manager Sir Alex Ferguson is to bring an end to his 26-year reign at the club at the end of this season.