UK equities

Jupiter is to merge its Jupiter Undervalued Assets fund into the Jupiter UK Growth fund from 3 July.

The unresolved Greek debt crisis has put renewed pressure on the FTSE 100 this morning, negating the effects of the rally in supermarkets stocks on back of Tesco's Q1 results.

Sanditon Asset Management co-founder Tim Russell has established "nerve-wracking" short positions in popular UK growth stocks as he bids to profit from a potential change in the business cycle.

Anthony Bolton has urged investors to be "steely" and hold on to their nerve particularly during volatile times, as he talked about his tenure as fund manager of the UK's largest unit trust.

Thesis Asset Management has launched a UK equity-only model portfolio that invests in direct securities rather than funds.

Former F&C UK mid-cap manager Michael Ulrich is to join JO Hambro Capital Management as part of its UK equities team.

UK Smaller Companies trusts were among the best performers last month, after the political uncertainty of the general election subsided.

Jupiter has promoted James Zimmerman to lead manager of its £60m UK Smaller Companies portfolio as Richard Curling steps back.

Querns Asset Managers has appointed small-cap specialist Downing as the investment manager of the Monthly Income fund, to work alongside current manager Stephen Whittaker.

Tesco has said it "sincerely regrets" the accounting error which overstated profits by £263m and is forecasting volatile times ahead for the firm.