Tesco has reported its first decline in annual profits for two decades after taking a £1bn hit from exiting the US market.

Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.

Jim Leaviss, head of retail fixed income at M&G, has removed his short position on the yen in his £688m Global Macro Bond fund following the dramatic sell-off in the Japanese currency.

Artemis Investment Management has waived initial charges across its fund range, which includes high profile vehicles such as Adrian Frost and Adrian Gosden's £620m Artemis High Income fund.

Bond managers have added to risk assets, while shorts on the yen hit a five-year high after the Bank of Japan (BoJ) announced radical monetary easing measures.

Morningstar has named the ten most popular investment trusts investors paid close attention to during Q1.

Senior portfolio manager Ryan Hughes will leave Skandia in the coming months to pursue a new opportunity in the industry.

Sarasin & Partners has launched a lower cost emerging markets fund, designed to provide access to smaller countries in the space.

The board of Sam Vecht's Eastern European trust is seeking shareholder approval to revamp its policy, giving the manager greater off-benchmark flexibility.

First State Stewart has warned it may be forced to soft-close its Dublin-domiciled range, including offerings from star manager Jonathan Asante and Angus Tulloch, if inflows continue at their current pace.