UK

Innovation and competition are at the heart of the UK's vibrant and competitive fund management industry, which is second only to the US.

WHY EQUITIES ARE NOT A GOOD HEDGE

Former M&G star David Jane has today launched of the first offering from his new boutique, the TM Darwin Multi Asset fund, a rival to the top performing M&G Cautious Multi Asset fund.

Fidelity is understood to be among a number of leading fund managers and investors who will vote against Prudential chairman Harvey McGrath's re-election.

Inflation rose to its highest level since September 2008 last month, reversing the previous month's retreat and breaking sterling's five-day decline against the dollar.

Warnings from the White House, an RBS share sale, fake mortgages and PPI winners - our round-up of today's national newspapers.

GLENCORE - HOT IPO OR CATCH A COLD?

Looking at last week's inflation report, it seems the Bank of England is reasonably content with the current state of play.

Richard Buxton has "controversially" started investing in UK domestic stocks despite the significant headwinds facing consumers this year.

Indian private equity group ICICI Venture is launching an Indian OEIC this July, aimed at UK investors.