Europe

UK - Prudential has posted stakeholder sales of £330m - equivalent to 90% of the firm's entire pension product sales - for the first quarter of 2002.

UK - The £314m London Borough of Bexley Superannuation Fund is looking at changing its asset allocation, according to a source at the fund.

UK - Michael Howard has joined Liberty Ermitage as a senior hedge fund analyst. He will be part of the hedge fund research team, boosting the number of senior investment professionals to 16.

EUROPE - Stelios Haji-Ioannou, chairman of budget airline Easyjet, is to resign, following significant pressure from institutional investors, according to the firm.

UK - F&C Management has attacked Chancellor Gordon Brown's budget, claiming that the announced changes to stamp duty run counter to his stated aim of increasing productivity, investment and enterprise to build a more prosperous Britain.

UK - The £660m Oxfordshire County Council Pension Fund (Oxon) has completed its asset liability study with a number of possible changes on the cards.

FRANCE - JPMorgan Investor Services has appointed Bank of New York's (BoNY) Frederic Mariette to the role of sales executive for France, effective immediately.

UK - The £680m BPB pension scheme has axed Cazenove.

UK - Frank Russell has boosted its institutional client services team in a bid to meet growing demand for it multi-manager services.

UK - The £565m Highland Council Pension Fund is set to conduct an asset liability study once it finishes its latest valuation.