UK

Outsourcing company Quindell has won a court battle against a short-seller which caused its share price to dive 40% earlier this year.

Sterling sold off further overnight, exacerbating Monday's losses, as nervous investors ditched the pound and UK shares on fears Scotland may vote to break apart next week.

Whitechurch Securities has moved to sell clients' positions in the Schroder UK Opportunities fund following Julie Dean's exit from the group.

Schroders is planning to change the investment remit of its UK Absolute Target fund to a pan-European mandate following the departure of co-manager Julie Dean, Investment Week understands.

Investec Asset Management's hire of Threadneedle UK equity head Simon Brazier (pictured) and team, revealed by Investment Week last Wednesday, has transformed the company's UK retail offering overnight.

The provision of supportive monetary conditions has fuelled a value rally, but now there are signs that higher quality companies with long-term secular growth potential are back in favour.

The CBI business lobby group has predicted UK growth will slow in the second half of the year as productivity weakness and slower wage growth bites.

There has been forward guidance, backtracking, and a lot of false starts, but as the world's largest economies continue to recover, the question over which developed region will raise rates first looms large.

There have been "stark changes" to investor behaviour recently, but beware over-confidence in the UK economy as tailwinds could soon turn to headwinds, warns Franklin Templeton's Colin Morton.

Yields on blue chip equities are "staggering" and HSBC is glaringly good value, says Chris White from Premier Asset Management.