UK

The UK economic recovery is set to enter a slower phase, adding to the headwinds facing the domestic equity market, according to Invesco Perpetual's Mark Barnett.

Prudential has been paid £155m for the sale of its 25% stake in PruHealth and PruProtect to South African insurance group Discovery.

Neil Woodford has increased the number of unlisted stocks held within the £3.4bn Woodford Equity Income fund to ten after initiating four new investments last month.

Old Mutual Global Investors is to introduce a fixed ongoing charges figure (OCF) across its fund range next year, and will also implement a volume discount for its largest funds.

'Investors in big oil stocks should be very nervous'

Jupiter chief investment officer John Chatfeild-Roberts has sold a stake in the company worth almost £2.3m after exercising share options.

Schroders chief executive Michael Dobson has played down the impact of a potential unbundling of dealing commissions on the business, saying analyst concerns are exaggerated.

Growth expectations are so low investors have been engaging in worryingly risky behaviour - but the recent market shake-out could mean the end of complacency, explains FOUR Capital's Chris Rodgers.

Royal London Asset Management (RLAM) saw rising net inflows for the nine months to 30 September, driven partly by the performance of its equity income and credit funds.

Challenger bank Virgin Money has priced its shares at the bottom of their range as it relaunches its delayed IPO.