UK

Gartmore fired one of its senior traders for breaching rules just weeks before the suspension of star fund manager Guillaume Rambourg.

The G20 group of rich and poor countries is likely to make rapid progress on a radical IMF plan to tax the world's financial institutions in the hope of reaching a deal by the end of the year, the chancellor, Alistair Darling, said today.

The Bank of England's fantasy forecast of a decline in annual CPI inflation to about 1% in early 2011 looks even less credible in the wake of March numbers showing an unexpectedly large rise from 3% to 3.4%.

St. James's Place recorded an 84% surge in unit trust and ISA investments over the first quarter of the year.

Schroders' Richard Buxton remains bullish on British Airways despite losses caused by the volcanic ash crisis and plans to increase exposure to the airline on further weakness.

Investec UK Smaller Companies reports top-quartile performance over three years

ON UK GROWTH

ON UK INCOME

Jupiter's Philip Matthews is buying into domestically-focused UK companies on the belief they offer better relative value than many stocks geared to the emerging world.

Polar Capital's assets under management have increased 71% over the past year as the boutique sees strong inflows into its long-only and hedge vehicles.