UK

Ignis Asset Management's sales and marketing director Jonathan Polin is leaving the business at the end of July to pursue other interests.

Andrew Sentance, who yesterday stepped down as a member of the Bank of England (BoE) Monetary Policy Committee (MPC), has condemned the Bank's refusal to raise interest rates.

Paul Myners, the former City minister, has agreed to join the board one of Europe's leading activist investors, according to reports.

The British Chambers of Commerce (BCC) has predicted interest rates will hit 1% by the end of this year despite the lacklustre economic recovery.

In its renaming of the Managed sectors, the IMA said it talked to all the interested parties. The trouble is, it missed out the most important - investors.

F&C Thames River is to streamline its UK fund range next month by merging two of its UK equity funds into larger offerings.

Threadneedle's Simon Brazier said UK equities are set to rise 17% in 2011 as favourable policies from government and reasonable valuations leave plenty of upside for shares.

Financials still under pressure from unfinished business in the eurozone and the threat of downgrade for banks

The UK economy faces a choppy ride for the rest of 2011 and may be in for a tough few years, though without falling back into recession.

ON UK GROWTH