UK

The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.

UK EQUITIES

UK EQUITY ALPHA

EQUITY INVESTING

COMMENT

Alliance Trust has suffered a slowdown in returns in the third quarter which it said was due to its high allocation to US equities.

Polar Capital's UK equity team is being dissolved as manager Philip Hardy leaves the firm, the group said today.

Tim Steer, manager of the Artemis UK Growth fund, is backing London-focused stocks to outperform in the coming months as he focuses his portfolio on UK-centric names.

Fixed income boutique MacKay Shields has hired Matthew Nagele, previously at Janus Capital Group, as head of distribution for UK and EMEA.

Business volumes in the investment management sector were broadly flat in the three months to September, with growth expectations for the next quarter the weakest since 2011, according to PwC.