F&C

Last week China's central bank announced it would introduce flexibility in the exchange rate of the renminbi, removing its peg to the dollar and allowing the currency to appreciate.

Economists are broadly positive on the plans announced in the emergency Budget and are scrambling to revise their own growth forecasts in light of the austerity measures.

F&C is launching its first open-ended real estate fund as it faces losing the mandate for its £617m F&C Commercial Property trust (FCPT).

Brokerage firm Canaccord Genuity says shareholders should vote against the merger of F&C Commercial Property trust (FCPT) and the UK Commercial Property trust (UKCPT) because it is not in investors' interests.

THE BIG QUESTION

F&C shareholders have approved the company's proposed £53.6m takeover of Thames River.

F&C's Fatima Luis has introduced BP bonds into her £237m Strategic Bond fund, believing the debt was trading at excessively distressed levels.

Only eight managers in the closed-ended retail space have achieved more than a 20-year tenure, according to new figures from the Association of Investment Companies.

F&C has appointed Paras Anand as the manager of its European Assets trust.

F&C is hoping to prevent its Commercial Property trust (FCPT) being merged into the UK Commercial Property trust by offering an alternative deal.