FTSE 100

First Trust Advisors is planning to open up its $4.6bn enhanced index fund range to the UK market, taking on the likes of BlackRock and Vanguard in the ETF space.

Invesco Perpetual's Neil Woodford has sold his position in Voadafone, a former favourite in his two behemoth income funds.

Barclays analysts have labelled Jupiter, Aberdeen and Hargreaves Lansdown as the three UK asset managers to buy, in its latest note on the sector.

Hargreaves Lansdown has risen 5.8% to top the FTSE 100 leaderboard as the blue-chip index recovers from yesterday's decline.

Global markets, including the FTSE, pulled back sharply yesterday from multi-year highs, as political uncertainty in Spain and Italy spooked investors.

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.

Capita Registrars has cut its UK dividend growth projection for 2013 from 8% to 6.7%, warning payouts cannot outstrip GDP growth indefinitely.

The FTSE 100 rose 6.43% or 379.07 points in January, making this the strongest start to a year since 1989.

London's leading share index is on course to record its best January performance since 1998, despite fears the UK economy could fall into a triple-dip recession later this year.

Fidelity Special Situations fund manager Sanjeev Shah has warned investors that equities are at risk of a significant pullback this year as valuations approach multi-year highs.