UK

Fundsmith founder Terry Smith, who was once rated the City's top bank analyst, says there is "not a chance" he would invest in the highly problematic banking sector.

BlackRock's Daniel McKernan has joined Scottish Widows Investment Partnership (Swip) as head of European and UK credit within the fixed income team.

Artemis' Mark Niznik is continuing to eye a partial sale of his UK Smaller Companies fund's largest holding Vostok Energy, the unquoted Russian gas exploration company.

A 25% MARKET RISE IN 2011

Invesco Perpetual head of investment Neil Woodford has offloaded a £100m stake in Severn Trent as the manager's struggles with water regulation continue.

Aviva Investors' senior economist Stewart Robertson is expecting more quantitative easing in the UK as the Bank of England looks to stimulate growth.

European asset manager Heptagon Capital is making Texan equity manager Yacktman Asset Management available to UK investors for the first time with the launch of a Ucits version of the Yacktman US Equity fund.

ON UK GROWTH

ON UK INCOME

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.