UK

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

The yield of the FTSE 100 will rise from 3.07% to 3.37% this year as FTSE 100 companies increase their dividends by an average of 11%, Banc De Binary has claimed.

David Barron, head of investment trusts at J.P. Morgan Asset Management, is to leave the firm.

The imminent departure of Mervyn King from the Bank of England has brought about renewed debate over the framing of the policy target set by the Treasury for the Monetary Policy Committee.

Simon Callow has opened five new positions in the CF Miton Diversified Growth fund which he thinks will perform strongly as the UK equity market breaks out into a higher trading range.

Jupiter's Merlin multi-manager team have shifted their UK equity allocation within the £1.7bn Merlin Growth portfolio in order to gain exposure to active managers looking across the FTSE 350 spectrum.

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Schroders' head of UK equities Richard Buxton has said the FTSE could be set to move into a higher trading range after the index passed the 6,000 mark in a strong start to 2013.

Liontrust's Stephen Bailey and Jan Luthman have been upping their exposure to asset management firms ahead of an anticipated "triple positive whammy" for the sector in the years ahead.

M&G is planning to merge two of its UK equity funds to create a portfolio with more than £600m in assets under management.