UK

Jupiter saw its funds under management climb 6% in the first quarter of the year, according to an interim management statement released today.

Tesco reported a rise in profits over 2011-2012 as the CEO pledged to renew focus on the UK business after the firm's first profit warning in 20 years.

ON UK GROWTH

FRIDAY 13TH

The former New Star duo running boutique Querns Asset Managers have renamed their first offering from the business and changed its investment objective.

ON UK GROWTH

ON UK INCOME

A High Court judge has rebuked the Serious Fraud Office (SFO) for "sheer incompetence" after the watchdog admitted it had "no clear record" of the information it used to obtain search warrants against property tycoon Vincent Tchenguiz.

The man arrested by the Financial Services Authority (FSA) in connection with an unauthorised foreign exchange trading scheme also hit headlines last month, it has emerged.

James Murdoch is to step down as chairman of UK satellite broadcaster BSkyB, but will remain on the board.