Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.

Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn.

UK - Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn (US$1.44bn).

Man Group has agreed to acquire GLG Partners in a deal worth $1.6bn.

UK - Man Group has agreed to acquire GLG Partners in a deal worth US$1.6bn.

Bond managers fear for gilts and sterling in the coming days and weeks as the markets react poorly to the reality of a hung parliament.

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

Gilts and sterling are falling sharply this morning as investors react to the likelihood of a UK hung parliament.

F&C Asset Management plans to acquire boutique fund group Thames River Capital in a deal worth up to £53.6m.

Peter Hargreaves' wealth has more than doubled over the past year by £260m to reach £570m.