UK

Former SWIP UK equities manager Jeremy Charles has joined wealth management boutique Thurleigh Investment Managers.

Threadneedle has handed its UK Overseas Earnings fund to Blake Hutchins as Richard Colwell steps back from managing the portfolio.

Schroders edged back into the top ten asset managers by fund sales in Q4 as investors showed renewed interest equities, the latest Pridham Report has revealed.

The incoming Bank of England governor Mark Carney has said "the bar for change to the monetary framework is very high", warning any change to the current interest rate target could damage the economy.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

BP has reported a 19% fall in profits for 2012 to $17.6bn (£11.2bn), down from $21.7bn the previous year, just days after the US court approved a record $4bn fine for the Gulf of Mexico oil spill.

ON UK GROWTH

Paul Feeney has told Investment Week the terms negotiated on Skandia's soon-to-be-launched Select fund range will enable the group to offer the "best model portfolio service" to UK advisers and help them take power back from other distributors.

British banks that fail to separate their retail banking from their riskier investment banking arms may be forcibly dismantled, Chancellor George Osborne will say later today.

Capita Registrars has cut its UK dividend growth projection for 2013 from 8% to 6.7%, warning payouts cannot outstrip GDP growth indefinitely.