The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.

UK dividends are rising for the first time since March 2009 as Artemis' Adrian Frost said dividend growth is back on the table.

F&C's head of UK equities Peter Lees is urging investors not to sell their UK holdings if this week's Government Spending Review is more negative than expected, as he says UK stocks are "not a UK story".

Polar Capital's assets grew 20.6% to $3.05bn (£1.9bn) over the six months to 30 September, despite a difficult period for its hedge funds.

Man Group has completed its purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

BOUTIQUE FOCUS

SECTOR ANALYSIS

Janus Capital has launched a US large-cap growth fund based on a mandate which has been in existence for American investors for 40 years.

COMMENT

The asset management division of US banking group Wells Fargo is making its US-domiciled emerging markets fund available to UK investors as a Luxembourg Sicav.