UK

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

United Industrial Services has built up a 4.64% stake in ailing fund manager Gartmore.

Neil Bridge, Schroders' head of UK retail sales, is leaving the firm at the end of December after more than 21 years.

There is a one in three chance the Bank of England will announce a further raft of QE in its February Inflation Report, says J.P. Morgan's Bob Michele.

The single currency is unlikely to collapse despite the pressures of the European sovereign debt crisis, says John Greenwood, the Invesco chief economist.

Annual consumer prices inflation (CPI) rose in October to a four-month high of 3.2%, up from 3.1% in September and higher than the 3.1% economists expected.

WOODFORD ON SUCCESSION

Aegon is launching a retail share class for its Inflation Linked fund.

Man Group has appointed GLG's Richard Phillips head of UK retail at the combined group.

Hargreaves Lansdown co-founder Stephen Lansdown is creating a new green private equity fund.