UK Equity Income

The yield of the FTSE 100 will rise from 3.07% to 3.37% this year as FTSE 100 companies increase their dividends by an average of 11%, Banc De Binary has claimed.

INCOME

Querns' Stephen Whittaker is backing consumer and financial stocks to outperform in 2013, following an overhaul of his income portfolio last year and the departure of co-manager Phil Roantree.

Jupiter's head of UK equities Anthony Nutt is to hand over his retail portfolios next year ahead of a move to retire from fund management in 2014, Investment Week can reveal.

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%.