UK

HENDRY VS THE WORLD

Gartmore has been censured and fined $1.35m by the SEC for breaking its short-selling rules.

Invesco Perpetual star manager Neil Woodford has taken a large stake in Imperial Innovations after backing yesterday's £140m rights issue.

Skandia Investment Group (SIG) has cut an £8m mandate run by Gartmore's Ben Wallace from its £62m UK Strategic Best Ideas fund, pointing to "disappointing" returns.

Invesco Perpetual star Neil Woodford is among a group of high profile investors to hit out at today's short-term performance culture, saying this "obsession" is damaging long-term returns.

HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.

In the latest Conjecture debate, our panelists from BlackRock and Unicorn Asset Management discussed the UK Small/Mid Cap market.

ON UK GROWTH

Neptune founder and CEO Robin Geffen believes UK dividend growth could exceed the 15% consensus forecast next year despite the muted economic environment.

The FSA has cleared RBS of acting fraudulently during the purchase of ABN AMRO, but censured it for making a "series of bad decisions" in the run up to the financial crisis.