The price of gold has continued its decline, falling below the $1,200 mark on Thursday for the first time since August 2010.

Mike Riddell, bond fund manager at M&G, has warned if emerging market debt outflows continue at their current pace or worsen, the effect on the asset class is likely to be "cataclysmic".

Richard Wilmot is underweight financials and mining stocks in his Newton Higher Income fund on fears about the impact of the underperformance of Chinese and wider Asian markets.

Aviva Investors has appointed John Misselbrook as interim CEO to replace Paul Abberley.

Insight Investment has hired Philip Anker for the newly created role of global head of distribution, in a move to expand its international business.

Henderson has delayed commission payments to over 7,000 advisers for three weeks due to additional checks needed following the RDR.

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

Chinese stocks sank deeper into bear market territory on Tuesday as fears over a credit crunch in China escalated.

Polar Capital has hired Deane Donnigan and David Pinniger to work within its healthcare team in an effort to increase the range of the group's products in this area.

Fund managers have identified a buying opportunity for Lloyds Banking Group shares, following Chancellor George Osborne's announcement the government will start selling off its 39% stake in the bank.