Invesco

The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.

More than 20 fund management groups are to set to make a formal offer to buy 315 Royal Bank of Scotland (RBS) branches, the Sunday Times reports.

Investors' desperate search for income continues as rumours abound of the possibility of negative interest rates and bond yields remain at record low levels.

EMERGING EUROPE

BT provided an extra boost to a number of popular income portfolios today after its latest jump in profitability sent shares in the group to the top of the FTSE 100 leaderboard.

Invesco Perpetual has handed top-performing UK manager Stephen Anness its Global Opportunities fund as part of a reshuffle of its equities division.

SPECIAL REPORT

More Western asset managers look set to follow in the footsteps of Schroders and Invesco by acquiring stakes in Indian fund management companies to take advantage of a growing interest in investments.

EASTERN EUROPE

Philip Rodrigs, winner of the Outstanding Rising Talent accolade at the Morningstar OBSR awards, said his success has been due to his ability to deliver style agnostic returns in a difficult market.