Europe

J.P. Morgan's Jim Campbell, manager of the European Smaller Companies investment trust, has predicted shares across Europe will rise by at least 10% or more by the end of the year.

Allianz Global Investors has warned European growth will not return to pre-credit crisis levels for years to come.

ON EUROPE

Scottish Widows Investment Partnership (SWIP) has announced plans to close five of its oeics, including two funds run by the group's head of European equities, Steven Maxwell.

GLG Esprit Continental Europe manager implements process based on broker recommendations to produce top-decile numbers.

The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.

Jupiter's European Income fund manager Malcolm Millar is leaving the firm, handing his fund to Cedric de Fonclare.

Skandia Investment Group (SIG) has handed mandates to Jupiter's Cédric de Fonclare and Mandarine Gestion's Marc Renaud in a shake-up of its €590m European Best Ideas fund.

Fears of a Greek default continued to impact markets despite a deal between the European Union and the IMF being struck yesterday.

ON EUROPE