Equities

France, Italy and Spain have extended bans prohibiting the short-selling of selected financial stocks until at least mid-November.

Lloyd George Management has appointed Thomas Vester Nielsen to run its newly launched Frontier Markets equity strategy.

Goldman Sachs AM chairman Jim O'Neill has proposed an alternative 'rules-based investing approach' he believes can produce lower risk equity market returns.

Fidelity's China Consumer fund manager Raymond Ma is set to move less defensive as valuations look more attractive after the September sell-off.

Facebook has delayed its $66.5bn IPO until late 2012 in order to keep employees focused on their jobs rather than a payout, according to reports.

FIVE OF THE BEST

Schroders has launched a concentrated Brazilian Equity fund that seeks to benefit from the country's domestic growth story.

Newton is to lower the dividend target on Tineke Frikkee's Newton Higher Income fund in light of a "challenging market environment", as the group also moves to merge a number of its UK equity funds.

Net retail fund sales fell to their lowest level since October 2008 in July while equity funds saw net outflows for the first time in over two years.

Argonaut Capital Partners has appointed Edward James as chief operating officer as the boutique becomes more independent from Ignis.