Global mining giant Rio Tinto has suffered a 22% drop in profits for the first half of 2012 as weak commodity prices hit growth.
Managers of the £276m Ruffer Investment Company have increased their exposure to gold on hopes global central banks will act soon to collectively expand their balance sheets.
Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to IMA figures.
Financial planner Informed Choice has criticising the bulk of absolute return funds for charging unjustifiably high fees and lacking consistency of returns.
Man Group was the biggest winner in early trading in London, with its shares up 10.2% to 76.20p.
Simon Ellis, managing director of Legal & General Investments, outlines his views on the future of categorising absolute return funds.