UK

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

Baring Asset Management has promoted Rod Aldridge to head of wholesale distribution for EMEA following the departure of Oliver Morath.

Mark Barnett has told Investment Week he is "concerned" over the fortunes of GlaxoSmithKline, a core holding in the Invesco Perpetual Income funds which he began running at the start of March 2014.

Legal & General has said it must "operationally leverage" its Cofunds platform and boost flows into its asset management arm this year in order to improve its business mix.

As Woodford Investment Management gears up for the launch of its Patient Capital investment trust, Investment Week visited the company's Oxford offices to quiz senior personnel about their plans for the future.

Major Sports Direct shareholder Crispin Odey has criticised the FTSE 100 firm's 14-month delay in appointing a finance director as a "big concern".

Jupiter Fund Management's CEO Maarten Slendebroek has moved to reassure investors in its Merlin range that performance is bouncing back following a tough spell for some of the funds.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Architas CIO Caspar Rock takes a closer look at the health of the UK economy and the risks posed by the uncertainty of the UK general election result.

Simon Brazier has completed his overhaul of the £164m Investec UK Alpha fund, trimming positions in "expensive" cyclical stocks in favour of more globally diversified companies.