The FTSE 100 opened higher, up 0.46% or 24.52 points to 5,337.14, on encouraging news from the oil sector.

T.Bailey has set the asset allocation for its newly-launched Defensive Cautious Managed fund, with the vehicle set to hold 10% in both commodities and property.

Premier's Simon King has cut the number of holdings in the £23m UK Alpha Growth fund by half since taking it over from PSigma's Bill Mott.

Allianz RCM's has reorganised its sustainability team including appointing a new manager to its EcoTrends fund.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

Moody's has downgraded Ireland's sovereign government bond rating to Aa2 from Aa1.

The FTSE 100 opened down 0.45% or 23.21 points to 5,135.64 as Friday's sell-off on Wall Street dragged the index lower.

Old Mutual's Stephen Snowden says subdued economic growth is a positive driver for credit markets as it forces companies to become more fiscally prudent.

Royal London's Bradley Mitchell says there is no foundation for the view the UK will enter a double-dip recession.

The manager of the £109m J.P. Morgan Mid Cap investment trust has significantly reduced the fund's gearing on concerns over the UK economic outlook.