UK

Edward Bonham Carter has today officially handed the CEO role at Jupiter Fund Management to Maarten Slendebroek.

Oakley Capital has hired F&C's co-head of UK wholesale and a number of ex-Invesco sales staff as its funds team swells to more than a dozen ahead of star manager Neil Woodford's arrival, Investment Week understands.

HM Revenue & Customs has withdrawn VCT approval for the Oxford Technology trust after it was found to have breached rules over the amount it held in a single firm.

F&C Asset Management has warned it faces ‘signicant headwinds in the short term' following the loss of its strategic partnerships, as it urged shareholders to approve a £700m takeover deal.

ON UK INCOME

M&G has reported net outflows of £700m from its UK retail business for 2013 after slowing flows into some of its most popular funds.

UK EQUITIES

St James's Place will enter the FTSE 100 index following the departure of engineering consultancy Amec and agribusiness Tate and Lyle.

Invesco Perpetual's Mark Barnett has taken over Neil Woodford's £8.4bn Income and £13.1bn High Income funds with immediate effect, ahead of his original end-April start date.

Jupiter shares have fallen almost 5% in morning trading after TA Associates sold its final 10.6% stake in the company.