M&G

M&G has won its fight to add four non-executive directors to the board of Gulf Keystone Petroleum (GKP) after the small-cap oil group backed down at the last minute.

M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.

Last week Tom Dobell and the board of the M&G Recovery fund vented their increasing frustration with a particular oil company they have backed.

GOSLING'S GROUSE

A sharp pull-back in the value of the dollar versus a basket of other currencies late last week has failed to dent support for the greenback, and managers expect to see gains as the US continues to recover.

The row between M&G and AIM-listed oil group Gulf Keystone Petroleum (GKP) worsened over the weekend after the energy company sent a highly critical note to shareholders.

In a week when tapering talk reached fever pitch, one of our best read stories looked at the dollar slump as Fed chief Ben Bernanke said he will hold firm on QE for a while longer.

THE BIQ QUESTION

A row between M&G's Tom Dobell and the board of an AIM-listed oil group has intensified after the manager called for new directors to be appointed and labelled the current pay deals for bosses 'excessive'.

M&G's Stefan Isaacs has pointed to the "surprisingly dovish" statement from ECB president Mario Draghi as a sign the bank may introduce fiscal stimulus sooner than the market expects.