The euro will fail, M&G's Richard Woolnough declared today.

Veteran Artemis Income fund manager Adrian Frost today spelled out the key lessons he has learned during his 30 years - and counting - in fund management.

The US Senate passed legislation last night toughening regulation of the financial sector.

US markets plummeted almost 4% yesterday as the fallout from the eurozone crisis continued to escalate.

Advisers and multi-managers are reviewing their holdings in the top-performing Schroder Income and Income Maximiser funds following the surprise resignations of Nick Purves and Ian Lance this week.

Investec Asset Management posted a record £4.7bn net inflow over the year to 31 March.

St. James's Place has put three funds run by Nick Purves under review following his resignation from Schroders this week.

Baillie Gifford High Yield Bond fund manager Ben Thompson plans to leave the group next month to work outside the financial services industry.

Bank of England governor Mervyn King yesterday set out his reasons for the overshoot of CPI inflation last month in a letter to new Chancellor George Osborne. They were all dubious, says Henderson chief economist Simon Ward.

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