Barclays' pre-tax profits have fallen 26% in Q3 as a drop in trading revenue and its ongoing restructuring programme hit growth.

Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.

Aberdeen Asset Management has said it is in discussions with Lloyds Banking Group over a possible acquisition of Scottish Widows Investment Partnership (SWIP).

UK dividend payouts will contract this year for the first time since 2010 following a "disappointing" Q3 for income investors, according to Capita.

LIFE AFTER WOODFORD

The Investment Management Association (IMA) has removed the CF JM Finn UK Portfolio fund from the UK Equity Income sector after it failed to meet yield requirements.

Neil Woodford was among those awarded honours by Prince William at Buckingham Palace yesterday, days after he announced his departure from Invesco Perpetual.

Edward Troughton, managing director of Alliance Trust Investments, is to leave the group to pursue another opportunity in the industry.

Jupiter has reported net inflows of £271m for the three months to 30 September, helping push assets under management (AUM) up by almost £850m over the period.

Richard Buxton's decision to leave Schroders for Old Mutual Global Investors (OMGI) in March has helped boost a number of UK equity funds as investors switched holdings.