UK

A new investment company is to offer UK and global equity funds weighted towards carbon efficient firms.

Income stalwart Richard Hughes will be replaced by Alex Odd as the manager of M&G's £501m Dividend fund from next month.

Premier has changed the name of its £64m UK Thematic fund to UK Strategic Growth to better reflect the style of new manager Simon King.

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GOSLING'S GROUSE

The new Chancellor George Osborne said his first budget was both ‘unavoidable' and an ‘emergency' and yet many of his policies had the look of being well thought out and planned.

Richard Watts has struggled to maintain performance on the Old Mutual Select UK Mid Cap fund since taking it over from Ashton Bradbury last year.

Harriet Harman, deputy leader of the Labour Party, has blasted the coalition Government's emergency Budget as "reckless" and says it will "pull the rug from the UK economy."

Economists are broadly positive on the plans announced in the emergency Budget and are scrambling to revise their own growth forecasts in light of the austerity measures.

Axa Framlington's Nigel Thomas has boosted mid-cap exposure in his £1.6bn UK Select opportunities fund on expectations of superior growth prospects for the FTSE 250 this year.