FTSE All-Share

The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.

The manager of the Bankers investment trust has reduced the portfolio's fixed income holdings in the view the outlook for equity returns is superior.

Tineke Frikkee grew the dividend on the Newton Higher Income fund by 3.5% in the 12 months to 30 June despite prominent banks, and oil and gas firms slashing their dividends.

UK stocks are cheap and could jump when markets see Britain is not entering a double-dip recession, according to GLG Partners' head of UK equities.

EQUITY INCOME

Paul Marriage's Cazenove Absolute UK Dynamic fund saw performance hit last month when his hedge fund was met with heavy redemptions. Both the retail fund and the hedge fund hold many of the same positions.

SVM will rename its UK 100 Select fund as UK Growth and change its benchmark to the FTSE All Share to more accurately reflect the portfolio's investment remit.

Docherty and Dean turn attention to names including Babcock, Sage and Experian

Majedie Asset Management's Adam Parker is standing by a weighting in miners almost double the FTSE All Share despite Australia's proposed supertax on miners' profits hitting the sector.

George Luckraft is standing by a nearly 50% overweight position in small caps for his Axa Framlington funds, despite smaller companies dragging heavily on performance.