UK

UK INCOME

Simon Cowan is to join Ignis Asset Management as fund sales director as the group continues to restructure the UK retail business away from the joint venture boutiques.

ON UK GROWTH

Carmignac Gestion has followed Legg Mason in adding some of its flagship funds to the IMA's sector listings for the first time, while PIMCO is understood to be in talks to make a similar move.

Investec Asset Management has appointed Schroders' Michael Spinks as part of an expansion of its $13bn multi-asset offering.

Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.

Tullett Prebon CEO and Fundsmith founder Terry Smith discusses the latest UK government borrowing figures and policymakers' plans to stimulate growth.

ON UK INCOME

Former Polly Peck International (PPI) owner Asil Nadir has been found guilty of stealing a total of more than £5.5m from the company in 1989 and 1990.

Billionaire investor George Soros has become one the biggest backers of Manchester United Football Club after buying a near 8% stake in its listed shares.