Neil Woodford has increased the number of unlisted stocks held within the £3.4bn Woodford Equity Income fund to ten after initiating four new investments last month.

Old Mutual Global Investors is to introduce a fixed ongoing charges figure (OCF) across its fund range next year, and will also implement a volume discount for its largest funds.

The PIMCO Total Return fund suffered a record $27.5bn in outflows last month, following on from the $23.5bn pulled in September as Bill Gross (pictured) left the company.

Jupiter managers Philip Ehrmann and Kathryn Langridge are to leave the company as it rejigs its emerging markets team, Professional Adviser's sister title Investment Week can reveal.

Retailers and miners come under the spotlight as Investment Week counts down the ten scariest stocks of the year so far.

Henderson has reported strong net UK retail inflows of £814m for the third quarter but cautioned difficulties lie ahead for investors.

Barclays has reported a 15% rise in Q3 profit but also set aside £500m for potential fines relating to manipulation of foreign exchange markets.

Lloyds Banking Group has set aside an extra £900m in payment protection insurance (PPI) provisions and confirmed it will cut 9,000 jobs as part of a switch from high street to digital banking.

UK GDP growth stood at 0.7% in the third quarter, according to the Office for National Statistics (ONS), down from 0.9% in Q2 but in line with economists' expectations.

The Bank of England's Monetary Policy Committee remained split 7-2 against raising interest rates this month but took a gloomier view of the country's economic prospects.