UK

Resolution Group has reported new business of £138m for the first nine months of the year, up 45% from £95m for the same period last year, led by the company's UK operations.

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.

Invesco Perpetual's Neil Woodford said he is sticking by his significant weighting to tobacco stocks despite concerns over earnings momentum and new packaging rules putting pressure on share prices.

Liontrust Asset Management has reported its ninth consecutive quarter of fund inflows even as it posted an interim loss relating to its acquisition of Walker Crips AM.

Ashcourt Rowan chief executive Jonathan Polin has bought a further 31,645 shares in the company following the group's interim results yesterday.

Poor interim results from Vodafone have pushed the FTSE 100 down 0.9% to a two-month low in morning trading.

Brewin Dolphin has appointed COO Henry Algeo as group managing director, a role that will see him heading up the group's investment management offering.

Threadneedle topped the UK net retail sales chart in Q3 2012 as investors - including John Chatfeild-Roberts' Jupiter Merlin multi-manager team - moved back into Europe, according to the latest Pridham Report.

The man in charge of ensuring Britain's financial stability has warned MPs current plans to make banks safer do not go far enough, the Independent reports.

The cost of its contribution to the Financial Services Compensation Scheme has cost Charles Stanley 40% of its pre-tax profit in the last half-year.