China's scheme to connect the Hong Kong and Shanghai stock exchanges will not be unveiled this week as planned, with no new launch date yet specified.

Standard Life Investments is closing the Ignis China fund managed by Magdalene Miller as it continues to cull the range of products acquired via its takeover of the group.

US equity valuations are not consistent with low inflation expectations and any negative data could quickly cause another steep sell-off, according to Societe Generale's Albert Edwards.

Lloyds Bank's Charlie Diebel has joined Aviva Investors as head of rates strategy.

Lloyds is expected to cut a tenth of its entire workforce, amounting to around 9,000 jobs, in a digital push over the next three years.

BlackRock is set to overhaul the investment strategy of its Balanced Income portfolio to attract more investors as interest in the product has waned.

The growing chance of a party outside the established top three getting a key role in a coalition government is starting to spook managers, as UKIP in particular gains ground ahead of the general election.

Low inflation: Positive or problematic?

The broad sell-off across equity markets this week is just a mid-cycle correction and will only make the equity rally last longer, Fidelity's Dominic Rossi has said.

Sterling could fall much further against the US dollar if the UK's current account deficit is not addressed, bond managers have said.