Markets

US markets followed shares across Europe higher overnight, while the dollar also surged, ahead of the latest Federal Reserve meeting in the States which may map out a QE exit strategy.

Former BlackRock head of UK retail Mark Elliott is to join Franklin Templeton as the latter reorganises its UK sales team.

Threadneedle has hired L&G Investment Management's Matthew Evans to its UK small-cap equity team as it strengthens its capabilities in the sector.

Fidelity's Anthony Bolton has committed to hold on to his stake in the China Special Situations investment trust after he hands it over to Dale Nicholls in April next year.

ON NORTH AMERICA

UK MID CAPS

Richard Plackett has bought back into UK banks for the first time since the financial crisis in his BlackRock UK Special Situations fund as the sector begins to show signs of improvement.

Fidelity's legendary fund manager Anthony Bolton has announced he is to retire next April, bringing to a close a 35-year career managing money at the group, but what legacy does he leave behind?

Invesco Perpetual's Neil Woodford has been awarded a CBE in the Queen's Birthday Honours List.

Is cash now the go-to asset? Leading investors are rediscovering its attractions as market valuations reach breaking point and inflation levels drop to historic lows.