UK

Threadneedle's Quentin Fitzsimmons is set to leave the group to take a break from the industry.

Fidelity's multi-manager team has dropped Sanjeev Shah's £2.4bn Fidelity Special Situations fund from its Select List of preferred funds.

Inflation in the UK dropped in April, beating the consensus forecast.

Marks and Spencer has reported a fall in annual profits for the first time in three years as trading conditions worsen for high street retailers.

Europe should turn its back on austerity and its fiscal pact and pursue a pro-growth agenda like the US, according to Fidelity's Trevor Greetham.

Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search, replacing Harvey McGrath, the Telegraph reports.

Credit Suisse has put boutique JO Hambro Investment Management (JOHIM) up for sale, according to reports.

Former Close Asset Management executives have launched a property and tax planning investment management business called TIME Investments.

Investec Asset Management's Alastair Mundy has revealed buying JJB Sports five years ago was the biggest mistake of his investment career.

Tom Dobell, manager of the £7.8bn M&G Recovery fund, has warned BP it must up its game or risk being snapped up by another oil major.