UK

Henderson's Mark Harris has removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence in a market rebound.

UK equity income managers are still forecasting dividend growth across the market this year, despite income behemoth BP suspending payouts until at least 2011.

A number of Henderson fund managers bought a 2% combined stake in Jupiter during the asset manager's IPO.

Santander, Spain's biggest bank, is the sole remaining bidder for the 318 Williams & Glynn branches being offloaded by Royal Bank of Scotland.

Besieged BP chief Tony Hayward yesterday declared his "deep sorrow" over the Gulf of Mexico oil spill after US Congressman accused his company of "astonishing complacency" and of having a "cavalier attitude to risk".

Peter Hargreaves, the founder and CEO of Hargreaves Lansdown, says former Prime Minister Margaret Thatcher was a "million times" better for businesses than current incumbent David Cameron.

Chancellor George Osborne says troubled oil giant BP remains a "very strong company" and has the resources to cover the Gulf of Mexico oil spill costs.

Collins Stewart has acquired Surrey-based IFA and private client wealth manager Andersen Charnley for an initial £5m.

The credit market is pricing in a 36% chance BP will default within five years as the oil giant deals with the fallout from the Gulf of Mexico disaster.

Fidelity's Tom Stevenson discusses the ‘distressing' element of today's unemployment figures and why the Chancellor is walking a tightrope ahead of the Budget.