Henderson

UK Financial Instruments (UKFI), the body that manages the Government's shares in some of Britain's biggest banks, will today outline its plans for the future of its investments in the state-owned lenders, reports The Times.

Henderson New Star is planning a new launch for Richard Pease, expected to take the form of a European Special Situations vehicle.

Henderson Global Investors has re-branded its retail business 'Henderson New Star', following its recent takeover of the former John Duffield-led manager.

Henderson will pay the key group of New Star staff retained after the takeover £2.9m in cash and approximately £1.34m of new shares in the group.

Henderson has priced down its proposed acquisition of New Star by £8m to £107m.

New Star European Growth manager Richard Pease is to join Henderson Global Investors.

New Star bond fund manager James Gledhill will move to Henderson Global Investors.

New Star multi-managers Mark Harris and Craig Heron will join Henderson Global Investors.

New Star Global Financials manager Guy de Blonay will join Henderson.

Henderson has emerged as the favourite to acquire struggling New Star Asset Management after being granted exclusive rights to negotiate a deal, reports at the weekend from the Sunday Telegraph suggest.