UK

Online grocer Ocado has been forced to cut its IPO price range after failing to place shares at the bottom of its 200p to 275p original offer price.

Premier's Simon King has cut the number of holdings in the £23m UK Alpha Growth fund by half since taking it over from PSigma's Bill Mott.

Henderson's Stephen Peak has made stricken oil giant BP the top holding in his £288.2m UK Alpha fund after not owning the stock just six weeks ago.

Neil Woodford, the largest shareholder in International Power, has backed the energy group's proposed tie-up with French giant GDF Suez.

Investors should switch out of equity income offerings from Axa's George Luckraft and Jupiter's Tony Nutt following underperformance, according to Principal Investment Management.

Star Invesco Perpetual manager Neil Woodford is once again likely to take centre stage in takeover discussions, with top-20 holding International Power in talks to combine assets with French giant GDF Suez.

Schroders' head of UK equities Richard Buxton has completely sold out of Tesco in his £1.9bn UK Alpha Plus fund after seven years holding the stock, replacing the retailer with a mining IPO.

Royal London's Bradley Mitchell says there is no foundation for the view the UK will enter a double-dip recession.

UK GROWTH

UK INCOME