Brooks Macdonald co-founder Jonathan Gumpel is to stand down from the group's board, marking the end of a quarter which saw discretionary funds under management rise 6.5%.

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.

The BlackRock North American Income trust has raised £65m in its initial offer period and plans to issue further equity in the near future, after undershooting its £100m target.

RBS has closed its Volatility Controlled Cautious Managed and Balanced Managed funds less than two years after launch, after both funds racked up heavy losses.

Strong performance from Debenhams and Lloyds Banking Group have helped drive returns for Schroders' Richard Buxton this year, and the manager is holding on to all his mining positions despite a recent slump in prices.

Analysts have suggested the rest of October will be a 'make or break' period for US equity markets as companies continue to report their Q3 earnings.

Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director.

Investors looking to purchase consistently outperforming funds may end up paying more to do so in future, Jupiter's CIO John Chatfeild-Roberts has said.

Hargreaves Lansdown is topping the FTSE 100 leaderboard for a second consecutive day of trading as the index starts the week in the black.

Former Hargreaves Lansdown investment manager Ben Yearsley has joined Charles Stanley to help spearhead the group's new direct-to-client investment service.