UK

Aegon has confirmed it will rebrand its UK asset management arm as Kames Capital later in the year as Investment Week exclusively revealed earlier this afternoon.

MAM Funds has promoted analyst Mark Wright to deputy manager of the CF Midas Balanced Growth fund, lead managed by Simon Callow.

US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp in light of the ongoing British phone hacking scandal.

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ON UK GROWTH

Hector Sants, the current chief executive of the Financial Services Authority (FSA), and Bank of England governor Mervyn King have been named among the most influential people in the European capital markets.

Rupert Murdoch's takeover of BSkyB appeared to be dead in the water last night following allegations executives at his British newspaper empire mounted a cover-up of the full scale of criminal activity at the News of the World.

Senior European Union (EU) officials are set to meet later on Monday to discuss the eurozone's continuing debt woes.

GLG has bought its flagship European long-short hedge fund, managed by GLG co-founder Pierre Lagrange, to the UK market.

Ecclesiastical's Robin Hepworth plans to avoid the UK consumer sector for the next three to five years unless the market falls by 20% this year.