Markets

Graham Ashby has taken over a UK Enhanced Income fund at Ignis, targeting a yield of up to 9%.

Bank of Scotland has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate mortgage records.

Schroders' Nick Kirrage, co-manager of the £1.1bn Income fund, looks beyond the headlines in troubled Europe and finds some surprises in the region's hard numbers.

Shares in Google closed down 8% after the tech giant's third quarter results - revealing a 20% drop in profits - were mistakenly released ahead of the US market close.

Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.

Jupiter Fund Management reported a £1.6bn increase in assets under management for the third quarter, supported by flows into more cautious funds such as Merlin Income, Strategic Bond and Global Convertibles.

MAM Funds' Gervais Williams has revealed the key stocks driving performance on his Acuim UK Multi Cap Income fund, which reached its one-year anniversary this month.

Investec's veteran stock picker Alastair Mundy said Japanese stocks are the most attractive compared to peers across the world, having fallen sharply in the last few months.

RSM Tenon Group has posted revenues down 8.8% to £208m after a "really tough" year which saw 400 staff made redundant.

A positive start to the third quarter earnings season has lifted equity prices higher on the major US and European markets.