UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

Troy's Francis Brooke has used inflows into his £1.3bn Trojan Income fund to initiate a position in Lloyds Banking Group ahead of the bank's return to the dividend register.

The Financial Conduct Authority (FCA) is likely to be more ‘intrusive' than its predecessor on the policing of firms' financial promotions and has so far intervened more than 200 times on the issue, according to a consultancy.

Shares in BSkyB have shed 10% in early trading as investors took a dim view of its loss of Champions League football rights to rival BT.

The £5.3bn Findlay Park American fund is set to cut performance and exit fees as it shifts to a total return benchmark index.

FUND MANAGER FOCUS

RBS shares have fallen by as much as 7% after the bank warned its internal good bank/bad bank split would see it incur a multi-billion pound charge in its full-year results.

Odey Asset Management is to launch a European Absolute Return fund for manager Feras Al-Chalabi later this year.

The Financial Conduct Authority (FCA) has committed to cutting fund authorisation times for UCITS and other fund structures by April 2014.

The Financial Conduct Authority (FCA) has expressed concerns over UCITS funds and ETFs' ability to deliver on promises of daily liquidity for end-investors.