UK

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.

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UK EQUITIES

Fidelity is proposing to merge James Griffin's £151m Growth & Income fund into his £484m MoneyBuilder Growth fund.

The UK economy grew by 0.5% in the first quarter of the year, down slightly on economists' estimates, the Office for National Statistics (ONS) said today.

Chancellor George Osborne said he believes the UK economy is "roughly in the right place" ahead of the publication of Q1 GDP figures this morning, as economists predict growth will come in below forecasts.

Barclays has revealed pre-tax profits fell to £1.66bn in the first quarter of 2011, 9% lower than the £1.82bn it made in Q1 2010.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

AXA Investment Managers is adding a retail share class to its AXA Framlington UK Mid Cap fund at the end of Q2.