Standard Life Investments' £8.7bn Global Absolute Return Strategies fund took profits in one of its major trades amid elevated market volatility over the summer.

Shares in Lloyds Banking Group have dropped by 5% after the company announced CEO Antonio Horta-Osorio was taking a temporary leave of absence.

NO QUICK FIX TO GREEK TRAGEDY

Jupiter has appointed Simon Somerville as manager of the £256m Jupiter Global Managed fund as CIO John Chatfeild-Roberts steps down from the role.

The FTSE Group has launched a consultation on whether it should raise its minimum free float requirement from 15% to 25%.

Troy Trojan fund manager Sebastian Lyon has expressed fears that the Bank of England has set down a path of continuous monetisation of government debt.

M&G's Richard Woolnough said he is uneasy at the way US banks have been able to book significant profits relating to the value of their debt in Q3 earnings figures.

Gabrielle Boyle has joined Troy Asset Management to work on its £59m Trojan Capital fund.

Jupiter is to rename its Jupiter European Absolute Return fund as it merges with the Jupiter Europa hedge fund.

Germany's debt to GDP ratio is set to fall by 2.6 percentage points after officials discovered an accounting error at a government-owned bad bank.