Markets

RWC has signed a deal with European fund house Hermes which will see its $800m Focus fund range and the three teams running the products transfer to the boutique in October.

Standard Life Investments (SLI) has promoted Mikhail Zverev to the role of head of global equities.

The UK's main inflation rate fell back towards the 2% target in August, reversing a surprise jump the previous month.

The Treasury was too slow in nationalising Northern Rock during the height of the financial crisis, one of its top civil servants has said.

Apple, the world's largest company, saw its shares break through $700 for the first time ever overnight after it revealed it had received a huge number of pre-orders for the new iPhone.

CHINA

Markets were subdued in afternoon trading as fears over China, coupled with instability in the Middle East, weighed on investor sentiment.

Investment boutique Dalton Strategic Partners has expanded its multi-asset team with the appointment of a new manager.

A Greek exit from the single currency would be a 'catastrophe', the country's Prime Minister reiterated over the weekend.

THE BIQ QUESTION