Royal London Asset Management(RLAM) reported net sales outflows of £310.3m during the first half of the year, primarily from fixed interest assets as three clients reduced their exposure.

The US Department of Agriculture (USDA) has slashed its forecasts for corn production and predicted sharp price rises, warning a drought and heatwave have destroyed much of the country's crop.

Japan's GDP grew by 0.3% in the second quarter of the year, down from 1% in Q1, as the eurozone crisis hurt exports and domestic consumption remained subdued.

Investment Week will be hosting the latest in our series of Income Focus events on 11 September at the Cumberland Hotel in London.

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Industry veterans Richard Buxton and Alastair Mundy, alongside rising stars including Stuart Rhodes, have been shortlisted for this year's Morningstar OBSR Honours awards.

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Nichola Pease, formerly CEO at JO Hambro Capital Management, will join the board of Schroders as a non-executive director next month.

Brewin Dolphin reported income for Q3 was up 4.4% to £66.8m compared to the same period in 2011, with recurring revenue now representing 67% of the total.

Economists have warned the UK could suffer a triple-dip recession next year after the recovery effects of the Olympics wear off.