UK

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.

The Investment Management Association (IMA) has rebranded as The Investment Association to reflect its wider remit as an enlarged organisation.

Investment Week takes a look at the biggest winners and losers of 2014 across 20 different IMA sectors.

Aberdeen Asset Management's CIO and Standard Life Investments' head of global strategy are among those to have been recognised in the 2015 New Year honours list.

This year has been a difficult one for many active funds, but, as ever, a select group of portfolios continue to be backed en masse by buyers looking to deliver outperformance for clients.

UK GDP is confirmed to have risen 0.7% in Q3 - but the Office for National Statistics (ONS) has revised down a string of recent annualised growth figures.

The UK's current account deficit widened faster than expected in the third quarter to reach a record high of £27bn.