Shares in Sainsbury's fell further today after it became the latest supermarket to cut its sales forecast for the full year, following a slump in trading in the second quarter.

Tesco has said the Financial Conduct Authority (FCA) has started an investigation into its accounting error, after the supermarket revealed last month it had overstated its half year profits by £250m.

State Street Global Advisors (SSgA) is the latest ETF provider to slash fees on a range of its European products, as passive fees continue to come under pressure.

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

The latest retail sales figures published by the Investment Management Association (IMA) have revealed a fall in inflows to a level last seen in January 2013.

Balfour Beatty shares have plunged over 20% this morning, after the UK's biggest construction company issued another profit warning.

Aberdeen Asset Management is launching a China A-Share fund after being granted its first Chinese RQFII licence.

Fund buyers have had a tough time choosing funds this year, as some of the best known portfolios in the UK have gone through manager changes.

UK markets opened lower Friday after a tough session in the US where stocks suffered sharp losses on the expectation of an imminent rate hike by the Federal Reserve.

Tony Yousefian is to join Albemarle Street Partners as an independent consultant from the beginning of October.