Equities

Schroders has revealed its pre-tax profits fell 11% over the year to 31 December 2012, largely due to a slump in profits in the private banking arm.

Jupiter's John Chatfeild-Roberts has warned investors not to get carried away with the euphoria surrounding equity markets, saying many companies are being kept afloat by low interest rates.

Shares in telecoms giant Vodafone soared in afternoon trading as rumours swirled of a possible merger with Verizon, or the end of its joint venture with the US firm.

Henderson's chief executive Andrew Formica has teamed up with Nichola Pease and a range of asset managers to launch an initiative to get young people in the UK work experience - and potentially jobs - in the City.

Insurance giant Legal & General (L&G) has reported increased operating profit of £1.09bn in 2012, beating analysts' forecasts thanks to double digit sales growth.

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.

EQUITY MARKETS

A leading equity manager warning on equity markets, the overhaul of the IMA's Absolute Return sector and Skandia's latest plans all made our top ten list of the most read stories last week.

M&G has hired Matthew Cable as deputy manager on its £370m Smaller Companies fund following a tough spell which has seen it drop down the rankings.

Scottish Widows Investment Partnership (SWIP) has seen outflows of £6.6bn from the business in 2012, after investors opted to move out of its insurance products.