UK

Portugal has moved a step closer to implementing a €78bn bailout programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.

John McFarlane, former chief executive of the Australia and New Zealand Banking Group (ANZ), is to become the new chairman of Aviva.

Old Mutual Asset Managers' Richard Watts is set to invest 10% in secondary listings and AIM stocks to take advantage of the area's strong growth prospects.

As someone who has managed both global and UK equity income funds in the past, I am often asked what are the advantages and disadvantages of managing these respective portfolios.

Alex Wright is manager of the £7m Fidelity UK Opportunities fund. The top-performing fund has returned 83.5% to investors over the last three years, ahead of the UK Smaller Companies sector average of 25.4%.

F&C manager introduces put and call options with greater mega-cap emphasis to enhance yield and bring fund's performance back to top quartile.

ON UK GROWTH

ON UK INCOME

Top-performing UK smaller companies managers consider whether time is right to rotate into domestic stocks after bumper 2011.

UK Leading Companies manager Richard Hallett warns against backing commodities too heavily.