UK Equity Income

Renaissance Asset Managers (RAM) is to launch a Global Emerging Market Yield fund for its newest recruit, Michael Kollo.

The UK's main inflation rate jumped sharply to 2.7% in October, catching out forecasts and prompting fresh worries it will remain above target for longer than feared.

Investment trust broker Oriel Securities has unveiled the 10 highest yielding investment trusts in the market, for income seekers who are not afraid to take on equity risk.

BP has raised its dividend by 12.5% to 9c a share, but reported a fall in profits in the third quarter.

UK dividend payments hit another record high in Q3 2012, the latest figures from Capita have revealed, although the mood was soured somewhat as it warned it will be "much harder" to make progress in 2013.

Graham Ashby has taken over a UK Enhanced Income fund at Ignis, targeting a yield of up to 9%.

INCOME

Allianz Global Investors is to merge away three UK equity funds as it refocuses its adviser business in the UK.

The managers of the £4.4bn Artemis Income fund bought into Standard Chartered last month, but the bank's leading shareholder is reportedly looking to offload its stake.

Troy Asset Management's Sebastian Lyon has advised investors not to buy equities now, as stock valuations are stretched to 2007 levels.