Neil Woodford is to use a three-week offer period to launch a new UK equity income fund when he joins Oakley Capital this May.

Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.

Schroders is to merge its Corporate Bond fund into the Cazenove UK Corporate Bond fund as it continues to streamline its range following the takeover of Cazenove Capital.

Barclays has been forced to issue confirmation of its pre-tax profits for 2013 a day ahead of its results after they were leaked in a diary column.

Some of the UK's leading fund groups are understood to be holding talks about their relationships with intermediaries and other partners following the release of new FCA rules.

Data provider FE is to launch five new multi-asset sectors later this month based on risk ratings to help users compare funds in an increasingly complex space.

Star fund manager Neil Woodford's new venture has been named after the man himself, according to documents published to Companies House.

Skandia has unveiled its range of sub-advised mandates via its WealthSelect proposition, achieving some impressive fund prices in the process, but its structure raises new challenges for re-registration.

Impending US employment data expected to show a further improvement in the country's economy sparked gains for equity indices around the globe overnight.

Jupiter's emerging Europe specialist Elena Shaftan is to retire from the group, with her funds handed over to Kathryn Langridge, Investment Week understands.