UK

Prudential has revealed the terms of its £14.5bn cash call, with the issue price set at more than an 80% discount to the insurer's closing level on Friday.

UK INCOME

CONTRARIAN INVESTOR

Cazenove's Julie Dean is bringing the UK Dynamic portfolio she inherited last month from Neil Pegrum into line with her large-cap biased UK Opportunities ahead of a merger of the funds.

UK INCOME

The uncertain future of the UK economy following the first hung Parliament in 30 years has led to a sell-off in small-cap stocks as investors seek safety and overseas exposure from blue chips.

Domestic manufacturing sector sees sharpest increase in total new business since 2004, reaching 15-year high in March with record increase in export orders

Santander's Hak Salih has been increasing his fund's exposure to defensive stocks, believing the UK economy will remain volatile for a number of years.

Overseas investors piled into UK gilts in February and March, buying up £28bn worth of assets - more than the inflow for the whole of 2009, according to the Bank of England.

UK GROWTH