Julie Dean, lead manager on the Schroders UK Opportunities fund, is leaving the company and handing over her fund to Matt Hudson.
The bears are "sharpening their knives" for Japan despite encouraging signs in the longer term, the managers of the Ruffer investment trust have warned.
Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.
A cacophony of caution, worry, and fear
A tax avoidance scheme which abused the reliefs offered for research into life-saving vaccines in order to claim back £77m in tax has been rejected again by a tribunal.
Markets across the globe were mixed overnight as investors reacted to a series of stimulus measures introduced in Europe to stave off the downturn.
Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.
Richard Pursglove has exited Artemis Fund Managers after just a year at the group.