UK

Jupiter's Guy de Blonay is taking over lead management of the group's £1.04bn Financial Opportunities fund on 1 January, allowing Philip Gibbs to focus on running his other mandates.

Tom Dobell's decision to double his stake in oil giant BP through the Gulf of Mexico disaster has paid off for the £5.85bn M&G Recovery fund manager, with the stake increasing in value by £25m.

M&G's Tom Dobell has blasted the UK banking industry, saying HSBC has "more integrity and corporate culture" than the rest of the sector combined.

Cazenove is re-opening Absolute UK Dynamic on 4 January after a period of outperformance, which saw the fund recover losses suffered this year.

Schroders' Richard Buxton believes today's return to profit for high conviction holding British Airways vindicates retaining the stock through the volatile last few years for the company.

HENDRY ON QUESTION TIME

Germany has agreed to give the EU's €440bn (£383bn) bail-out fund permanent status rather than letting it expire in 2013 as planned.

A poor session in Asia this morning and unconvincing display on Wall Street overnight weighed on the FTSE 100 as it opened four points down at 5,673.

F&C recorded a £78m net inflow into its onshore fund range in the third quarter.

ON UK INCOME