The pound has leapt almost 2% and the FTSE 100 has added over 100 points as the general election result points to a surprise majority for the Conservatives.

Pensions minister Steve Webb and business secretary Vince Cable have lost their seats after a calamitous evening for the Liberal Democrats saw the party underperform even the most pessimistic forecasts.

Former Carmignac head of emerging market equities Simon Pickard and colleague Edward Cole are to join Man GLG.

Insurer Aviva has introduced a "proactive retention programme" in a bid to stem the loss of funds from its asset management business.

Equity markets have begun to recover after an early slump driven by a plunge in German sovereign debt prices.

Troy Asset Management is to take over from Taube Hodson Stonex (THX) as manager of the Electric & General global equity fund.

A stark warning from the IMF, as well as the latest major fund manager departure, have renewed concerns over how strategic bond funds will cope with a spike in yields.

Aberdeen Asset Management will consider additional acquisitions following its purchase of Scottish Widows Investment Partnership (SWIP) last year, chief executive Martin Gilbert has said.

Invesco Perpetual's William Lam is to join head of Asian equities Stuart Parks in managing the group's £600m Asian fund.

Alliance Trust has partially given way to Elliott Advisors' demands just a day before its AGM, agreeing to appoint two new non-execs to its board.