Markets

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Barclays shares have dropped by more than 7% after it announced a £5.8bn rights issue to shore up its capital position.

Pensions consultant and wealth manager Mattioli Woods has bought Atkinson Bolton Consulting (ABC) in a £6m deal.

Baker Tilly has announced it would pay cash for RSM Tenon, following an investors' notice last week that it was considering the acquisition.

GLOBAL

Concerns over an expected capital raising at Barclays have pushed the stock down over 3% in the opening hours of this week's FTSE 100 trading.

GLG Partners has launched a Total Return fund for its macro and relative value team, led by Jamil Baz and Sudi Mariappa

Aberdeen Asset Management was hard hit by June's market sell-off, which contributed to a 1% drop in AUM for the asset manager in the second quarter of 2013 compared to the end of March.

The Bank of England (BoE) has named Sir John Cunliffe, currently the UK Permanent Representative to the European Union, as deputy governor for financial stability, replacing Paul Tucker.

Industry veteran and chief executive officer of Integral Asset Management (IAM), Nick Dewhirst, has died.