UK

Mark Lyttleton has built up short positions in Schroders and Aberdeen in his £2bn BlackRock UK Absolute Alpha fund.

Legal & General Investment Management (LGIM) posted a 32% increase in IFRS operating profit during the first half of 2010, with the group recording gross new business of £21.2bn.

The Lloyds Banking Group has returned to profitability after posting a £1.6bn before tax profit in the first half of the year.

Nationalised lender Northern Rock has returned to profit in the first half of the year.

Chris Burvill, manager of the Gartmore Cautious Managed fund, tells Julian Marr, editorial director of Marketing-hub.co.uk, how he plans to deal with a tricky environment for both equities and bonds

The global economy will continue to move forward, albeit not at a historically fast pace.

RLAM UK Special Sits manager's top-down high conviction approach gives top-quartile outperformance as portfolio celebrates third anniversary

UK INCOME

Former New Star fund manager Patrick Evershed can proceed with a lawsuit over claims he was bullied by company founder John Duffield, a London court said.

Investec's Emerging Markets Debt fund, the first daily-dealing UK onshore vehicle investing in local currency EMD, has broken through £1bn of assets after seeing substantial flows over the past year.