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Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

Many UK-listed stocks have got off to a flying start in 2013, with indices approaching all-time highs, but some companies have been given a rough ride by markets, destroying shareholders' capital in the process.

Shares in online grocer Ocado have risen 30% this morning on news of a deal to provide fellow retailer Morrisons with an online delivery service.

Anthony Cross and Julian Fosh have made rare additions to their Liontrust portfolios, and Standard Life Investments' Ed Legget has bought a raft of new stocks as the shape of the UK market begins to change.

ONE TO WATCH

F&C Investments' Jeremy Tigue has taken UK exposure in his £2.6bn Foreign & Colonial investment trust to a 30-year low on fears the UK is lagging behind other markets in the dividend stakes.

WEALTH MANAGERS

Fund managers are starting to buy back into UK-listed large-cap miners, seeing valuations as too good to refuse as wider sentiment on the sector hits a "decade low".

TURNAROUND STORIES

There was a weary air of predictability within hours and days of Margaret Thatcher's death about all the things she can be blamed for.