US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp in light of the ongoing British phone hacking scandal.

The UK economy faces a one in three chance of falling back into recession by 2012, Legal & General Investment Management (LGIM)'s economist has warned.

Gartmore head of multi-management Tony Lanning has added the BlackRock European Dynamic fund to his portfolios, reducing his long-term underweight in the region.

Gartmore head of multi-management Tony Lanning has added the BlackRock European Dynamic fund to his portfolios, reducing his long-term underweight in the region.

The head of Barings' Asia Multi Asset Group, Khiem Do, believes ongoing concern over a Chinese property bubble has created good value in the sector.

Aegon's Audrey Ryan has positioned her £221m Ethical Equity fund to benefit from an anticipated increase in capital expenditure among UK businesses.

Barings' Jonathan Blake has increased exposure to fish and poultry suppliers within his £151m Global Agriculture fund as a result of subdued grain and fertiliser prices.

Gartmore's John Stewart has turned to defensive stocks and opened up short positions in cyclical sectors within the Japan Absolute Return fund following the market's poor performance.

The FTSE 100 was up 0.74%, or 38.31 points, at 5201.99 in early trading, with mining stocks the biggest winners.

Barings' SooHai Lim has increased his weighting to Indonesia believing the country's strong growth since becoming a democracy is set to continue.