News

Liontrust Asset Management says Manchester United must up its game by boosting the coupon on its bond to 10%.

Early gains among financials and miners helped boost the FTSE up 27.43 points (0.50%) to 5482.80 in early trading.

Invesco Perpetual has launched a new unconstrained bond fund for highly-regarded duo Paul Causer and Paul Read, which focuses on total returns rather than an income target.

Morningstar has confirmed it will make no change to its ratings for the BlackRock funds formerly managed by Graham Birch following his decision not to return to the company.

Cazenove Capital has hired Louis Greening from Skandia as a UK advisory sales consultant.

Skandia Investment Group has appointed Cincinnati-based boutique Fifth Third Asset Management to run $80m US Large Cap Growth fund, replacing Wellington Management.

Graham Birch, head of BlackRock's Natural Resources team, has decided not to return to the company following his nine-month sabbatical.

Axa Framlington manager George Luckraft says dividends from UK oil majors are sustainable, but he will reduce holdings this year if share price rises reduce yield.

Baring Asset Management has appointed Colin Ng to its Asia Pacific investment team in the new position of head of Asian equities.

Early gains among major miners helped boost the FTSE by 34.93 points (0.64%) to 5508.41 in early trading.