UK

Lawrence Gosling with Chris Jackson of Natixis

Concerns rising over property sector inflows

Demographics continue to drive care home fund inflows

Lawrence Gosling with Vincent Chailley of H2O Asset Management

The FTSE 100 has dropped 2.5% this afternoon as worse-than-expected US retail sales data darkened investors' moods further this afternoon.

Jupiter Fund Management saw a net outflow in Q4 following the loss of a segregated mandate and closure of its Split Capital trust.

Mark Roomans has been promoted to chief executive of Morningstar UK as Geoff Balzano steps back to focus on his role as head of adviser solutions.

Liontrust increased its retail assets under management (AUM) to more than £3bn and total AUM to over £4bn in the final three months of 2014.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it cancel its full-year dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.