UK equities could return 11% per annum for the next 10 years, fund group Neptune has said, as value stocks come to the fore.
Principal Investment Management's latest income study urges investors to switch out of Robin Geffen's £1bn Neptune Income fund, warning its global growth emphasis is likely to disappoint this year.
Patrick Harrington, manager of Jupiter's £91m Undervalued Assets fund and its £100m Fund of Investment Trusts, has left the company.
Burberry has been named the best stock to buy in 2012 by Kames Capital's head of UK equities, Stephen Adams.
Warnings on profits issued by UK firms saw the biggest leap in a decade in Q4 2011, driven by difficulties in the retail sector, according to Ernst & Young.
Tesco CEO Phil Clarke should decline his bonus to atone for approving a senior executive's share sale a week prior to its major profit warning, according to a leading investor in the company.
UK equity managers who were overweight defensives at the start of the year - or earlier - had to be patient at first, but were rewarded at the start of July when cyclicals fell firmly out of favour.
Schroders' star stockpicker Richard Buxton has apologised to investors in a conference call after his fund plunged down the rankings this year.