Royal Dutch Shell has seen a $2bn (£1.25bn) drop in third-quarter profits as costs across the business have soared.

The US Federal Reserve has yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.

Invesco Perpetual has revealed outflows from Neil Woodford's Income and High Income funds since he announced his departure have been around the £1bn mark.

David Roberts has hiked exposure to emerging market debt in the £663m Kames Strategic Bond fund on the back of improving valuations.

A widely-predicted spate of fund mergers and consolidations has failed to materialise this year, with the number of funds being merged or closed dropping substantially.

Shares in oil giant BP shot higher this morning, lifting the wider market, after the group pleased investors by raising its dividend.

UBS Exchange Traded Funds has listed 14 ETFs on five UK platforms in a move to make its products more accessible to IFAs and retail investors, following a recent fee cut.

Aberdeen Asset Management has confirmed rumours it is in talks to buy Scottish Widows Investment Partnership (SWIP) in a deal which would make it the largest listed fund management firm in Europe.

UBS has upgraded Aberdeen Asset Management from neutral to buy after the group confirmed it is in talks to buy Scottish Widows Investment Partnership (SWIP).

George Shaw, manager of the Ignis UK Property fund, has highlighted five key reasons to invest in property, as the asset class begins to capture investors' attention once again.