UK

Andy Brough has reduced the number of holdings in his £1.6bn UK Mid 250 fund as he looks to concentrate his portfolio around core positions.

Morgan Stanley has been dubbed 'the new Morgan Sachs' after its equity and bond traders captured market share from rivals over the past quarter.

Manager of SVM UK Opportunities sells out of winning stocks before they peak.

Castlestone has released a new statement emphasising the FSA's ongoing investigation into the firm does not relate to any criminal activity.

ON UK INCOME

FSA chief executive Hector Sants insists the regulator is considering the Treasury Select Committee's recommendations on the RDR, following an angry letter from TSC chairman Andrew Tyrie.

FRIDAY FINANCE

Income stars such as Neil Woodford and Bill Mott are set for boosts to their portfolios as AstraZeneca jumped over 3% this morning following the approval of a drug the pharma giant pinned $2bn of future sales.

German Chancellor Angela Merkel and French President Nicolas Sarkozy have hammered out a common position on the euro debt crisis.

UK bank shares have risen after the Treasury Select Committee criticised the Vickers' report on the UK banking sector, arguing its proposed reforms are unclear.