UK

Neptune has added a new high conviction UK equity fund for analyst Nicola Muirhead.

Betting against sterling has fallen significantly since the emergency Budget, with hedge funds and speculators closing short positions.

BP is looking for sovereign wealth funds or rival groups to take a 5-10% stake in the oil giant as the fallout from the Gulf of Mexico disaster continues.

Cazenove's Peter Harvey is taking a 21.1% overweight position in bank bonds, as the UK Government prepares to crackdown on risk taking in the sector.

The manager of the Marlborough UK Leading Companies fund has upped his exposure to companies poised to benefit from growing emerging market demand for power.

Skandia has removed George Luckraft from the manager line-up on its £142m UK Best Ideas fund.

UK INCOME

UK GROWTH

The IMA has reverted to a single UK Equity Income sector as of 1 July.

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.