UK

JO Hambro Capital Management's Clive Beagles has raised the cap on his UK Equity Income fund to £1bn.

Smith & Williamson's Charlie Deptford has boosted cash and adopted a cautious stance on his UK Equity Income trust in the view markets are due a correction in the next few months.

ON UK GROWTH

This week's Conjecture debate saw panellists from BlackRock, MFS & Threadneedle discuss the prospects for UK equities.

The economist John Kay in his book Obliquity relates the famous essay by Isaiah Berlin about the hedgehog and the fox in the context of financial markets.

Manager shorts IT and outsourcing while buying unloved domestics despite weak outlook

Artemis UK Growth fund manager has boosted performance with overseas earnings strategy but is beginning to look at UK-centric stocks

Government austerity measures and high levels of consumer debt pose "strong headwinds" for the UK's economic recovery, the IMF has warned.

Old Mutual saw a net outflow of £2.6bn in the first quarter of the year, although assets under management edged up and Skandia saw growth in new business volumes.

The UK could fall back into recession at the end of this year, as high oil prices and the impact of the Japan earthquake weigh on global economic growth, said Fidelity's Trevor Greetham.