UK

Neil Woodford's Invesco Perpetual income funds have leapt to the top of the performance tables after two years of underperformance as the manager's value calls finally start to pay off.

Often during meetings with clients and prospective clients I am encouraged to justify one or two of our holdings.

Ex-iShares and Gartmore sales director Julian Hince has joined M&G as technical development director.

ON UK INCOME

Various economists and critics of the government are demanding a Plan B. Just one year into a five-year plan of deficit reduction and growth they are worrying the growth rate is slowing.

The Investment Management Association (IMA) has called for an independent review into the collapse of Keydata and other investment firms and said the scale of recent failures has not been seen since the Barlow Clowes scandal of the 1980s.

The fund management industry is doing its best to dig the IMA out of the rather embarrassing hole it constructed for itself with its alphabet approach to the Managed sectors. At last, common sense is in danger of breaking out.

The European Central Bank is set to raise interest rates next month in an attempt to dampen persistent inflation.

The Bank of England (BoE) today held interest rates at a record low as concerns about sluggish growth outweigh worries over high inflation.

Former Gartmore multi-manager duo Ari Towli and Nick Roberts have joined John Husselbee's multi-asset boutique North Investment Partners.