UK

GLG has handed its flagship UK equity income fund to ex-Matterley manager Henry Dixon after poaching him at the end of last year.

The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.

Rathbones' chief investment officer Julian Chillingworth has labelled the apparent value in European equities ‘misleading', claiming the region is in for another year of anaemic growth.

Polar Capital has increased assets under management (AUM) by 80% in the nine months to December 2013 despite closing its UK equity desk, the group's update has revealed.

Britain's growth rate could reach as high as 4% this year as the recovery accelerates, economists have said.

UK equity income

Investors ditched fixed income funds - corporate bond portfolios in particular - and opted for UK and European equities in November as the great rotation becomes more and more visible.

MID CAPS

J.P.Morgan Chase & Co has revealed it paid more than 100 of its top staff in the UK an average of £2m each in 2012.

Newly-listed Royal Mail has entered the FTSE 100 index of the UK's largest companies following a huge move in its share price post-IPO.