UK

OBSR has announced the shortlists for the Outstanding Fund Manager and Rising Talent awards, two of the four awards to be announced at the OBSR Honours Dinner on 9 September 2010.

Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.

Blue chip stocks fell this morning on fears that data will show US economic growth slowed in the second quarter.

Ignis Asset Management has seen 38% profit growth and an increase in its AUM to £69bn, according to its half-yearly results, released today.

Bearish Société Générale strategist Albert Edwards has warned equities face a "bloodbath" and predicts government bond yields will fall even further.

Threadneedle recorded its strongest quarter for net retail inflows in five years in Q2, with its US equity franchise seeing strong demand.

Old Mutual's Simon Murphy has begun introducing food retailers into his fund, believing the sector is well positioned to benefit from food price inflation.

Scottish Widows Investment Partnership (Swip) has promoted joint chief investment officer Andrew November to the role of director of equities.

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