UPDATE 1-BNP Paribas buys Allfunds stake as fund managers cut costs <!-- no image --> <div>* Consolidation underway in the sector (Adds detail and background)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z7y0kWn9WFc:4HlenrOP2Qs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z7y0kWn9WFc:4HlenrOP2Qs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=z7y0kWn9WFc:4HlenrOP2Qs:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z7y0kWn9WFc:4HlenrOP2Qs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=z7y0kWn9WFc:4HlenrOP2Qs:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/z7y0kWn9WFc" height="1" width="1" alt=""></div> Posted by Reuters