Equities

Miton's Gervais Williams has been named as the new manager on the £12m Investment Company plc, prompting a near 30% rise in the trust's shares.

Supermarket giant Sainsbury's is to take full control of its banking franchise after agreeing to buy Lloyds' 50% stake in the business for £248m.

After a decade of scant gains, some investors are now piling into pharmaceuticals as a combination of high yields and attractive valuations draw managers in, but is this the start of a decade-long move up?

Dalton SP's Nabeel Mughal has cut consumer discretionary stocks and piled the cash into industrials on fears over the strength of US consumer spending.

Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.

Japan's main equity market surged to a five-year high on the first day of trading after the country's Golden Week public holiday.

MUMFORD

ALTERNATIVES

ASIA

Franklin Templeton has launched an Asian Dividend fund for head of emerging markets Mark Mobius as it seeks to tap into investors' growing desire to diversify income streams.