News

A position in BP has wiped 10% off the dividend growth on the £580m JO Hambro Capital Management UK Equity Income fund for 2010.

AXA Investment Manager's Richard Marwood has taken his Distribution fund's allocation to index-linked bonds to an all-time high on the belief inflation is unlikely to fall.

Skandia has handed Aviva a £8m mandate within its £62m UK Strategic Best Ideas fund.

There are still opportunities in the UK market despite a low level of economic growth, according to Slater Investments' CIO Mark Slater.

Allianz RCM's new CIO of UK equities Jeremy Thomas has overhauled the investment process on three UK portfolios, making them more concentrated.

Small caps have begun to perform for Axa Framlington's George Luckraft following two tough years in which they dragged his fund to the bottom of their peer groups.

Commodities and resources have overtaken blue chips as investors' favoured sectors for the first time in over seven years, said the Association of Investment Companies.

The FTSE 100 remains marginally in the red this afternoon, with miners dragging on the index.

Phoenix, the former Pearl group, is raising up to £33m through a placing to pay off a missed bond coupon payment.

The new so-called 'currency vigilantes' hit sterling hard yesterday, on a day when gilt yields dropped to a new record low.