UK equities

First move in seven years

Joined on 1 August

Need to be offloaded as part of 2008 bailout conditions

Pearson falls 11%

Special dividend under threat

Unlike many other market participants, we do not see a general value rally in the near term. To us, there still remains a lot of value traps, writes Jeremy Lang, manager of the Ardevora UK Income fund.

Despite £1.5bn outflows from asset class

The implications of the surprise leave result in the EU referendum continues to reverberate around the markets. The leave campaign's assertion that there will be no economic disruption from a Brexit is being tested.

Active fund pricing falling

Concern over prospects for FTSE 250 after referendum