UK

Last week, the Financial Policy Committee of the Bank of England produced its first Report.

Sterling has dropped sharply against the euro after data showed manufacturing growth fell to the lowest level in almost two years.

ON UK GROWTH

ON UK INCOME

The rumpus over ETFs just will not die down. Every week or so, another new skirmish breaks out, with the latest bruising delivered by expert pugilist Terry Smith of Fundsmith.

The Investment Management Association (IMA) has appointed Morningstar UK to monitor funds across its sectors.

Old Mutual Asset Managers is preparing to hard-close its two-year-old UK Dynamic Equity fund to protect performance.

Deputy Prime Minister Nick Clegg has backed proposals to give the public shares in part-nationalised banks RBS and Lloyds.

One of the Bank of England's (BoE's) senior policymakers has hinted a further round of quantitative easing (QE) remains an option for the UK's central bank.

Three MAM Funds portfolios, including Martin Gray's £619m Miton Special Situations fund, hold a total 12% stake in Gervais Williams' Diverse Income trust, which listed in April.