Markets

GLG has hired a new co-manager for its top performing Strategic Bond fund to work alongside managers Jon Mawby and Steve Roth.

The FTSE 100 has risen in early trading as news of a fresh Pfizer approach for AstraZeneca sparks a 15% jump in the UK group's share price.

Scottish Widows Investment Partnership's chief executive Dean Buckley is to leave as Aberdeen Asset Management realigns its investment division following its takeover of the Scottish group.

Schroders has appointed Alex Tedder from American Century Investments as head of global equities.

Pfizer has revealed it was rebuffed once again by AstraZeneca over the weekend about a potential takeover of the UK company, with the latter's shares soaring in early trading today in reaction.

The rise in special dividends from groups including Vodafone has led to a record quarter for dividend payments, although dividend growth slowed excluding the telecom giant's bumper payout.

Standard Life Investments' head of global equities David Cumming has said the group has finally lost patience with banks over bonuses, prompting last week's shock decision to publicly oppose Barclays' remuneration plans.

Stephen Jones, chief investment officer of Kames Capital, has said the UK's improving GDP figures mean it is now rivalling some emerging markets in the growth stakes.

Outsourcing group Quindell has initiated legal action after an attack by a short-seller sent its share price tumbling 39%.

London's Gherkin skyscraper has entered receivership after one of its owners filed for insolvency.