Equities

Old Mutual Asset Managers' European equity manager Kevin Lilley is adding exposure to riskier sectors on the continent, increasing his overweight to banks in the view too much bad news is priced in to the market.

Scottish Widows Investment Partnership (SWIP) has outlined the shape of its restructured equities offering.

The International Monetary Fund is set to revise down its global growth forecast as economic conditions deteriorate.

Invesco Perpetual's Stephanie Butcher has moved overweight Spain and added names from Ireland and Portugal to the European Equity Income fund, taking the view stocks are "too cheap" and investors are over-paying for core, defensive names.

The Republic of Ireland has returned to the capital markets for the first since it received an international bailout in 2010.

UBS has closed its underperforming Absolute Return Bond offering after assets dwindled to £15m.

Barclays shares are in demand, despite the fall-out from the LIBOR scandal and Bob Diamond's resignation, with investors buying five shares for every one sold.

The board at Barclays was told in February that the relationship between the bank's senior management and the FSA had "broken down", according to the chairman of the Treasury Select Committee.

This afternoon Barclays' former chief Bob Diamond faces a barrage of questions from MPs over the LIBOR scandal which has rocked the UK's banking system.

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