Cazenove's Tim Russell is stepping down from his position as head of pan-European equities.

2CG, the boutique founded by Charles Glasse and Christopher Garsten, has added a sterling share class to its flagship European Capital Growth fund which will be available to retail investors for an eight-week period.

Artemis' James Foster said the Monetary Policy Committee should hike interest rates to the same level as those in the eurozone to push up the value of sterling and stem inflation.

The FTSE 100 has pushed back up to the 6,000 mark after shedding almost 100 points yesterday on weak US service sector and job data.

Mervyn King's argument for keeping interest rates at a record low 0.5% has received a boost from the latest construction data showing economic growth is not yet strong enough.

Threadneedle's Cormac Weldon has cut his GDP forecast for the US this year as soaring fuel costs threaten to cripple consumers.

Threadneedle has promoted Simon Brazier to head of UK equities, giving him sole responsibility for leading the firm's UK equity team.

CHALLENGES IN CHINA

Berkshire Hathaway's Warren Buffett has conceded he made a mistake in managing his executive David Sokol, who was accused of insider trading and resigned in March.

Artemis has hired Simon Edelsten and Alex Illingworth to build a new global stockpicking franchise for retail and institutional clients.