UK

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.

The UK economy grew by 0.8% in the third quarter, confirming previous estimates, the office for National Statistics (ONS) has announced.

Scottish taxpayers will have to pay out £1.6bn a year to fund initiatives set out in the white paper on the country's independence which have not yet been allocated cash, according to Treasury figures.

COMMENT

Old Mutual Global Investors is to launch an offshore mirror version of Richard Buxton's £1bn Old Mutual UK Alpha Fund.

UK Equities

CORPORATE BONDS