City Financial plans to launch an independent fund research service in the spring for financial advisers run by Peter Toogood and Gill Hutchinson.

David Coombs, head of multi-asset investments at Rathbone Unit Trust Management, has bought a number of new funds in the last few months as he rejigs his portfolios to focus on global growth.

M&G's retail funds under management are up 24% year on year to £64.5bn at 30 September, driven primarily by strong inflows from European clients, with UK flows turning positive again in Q3.

Barclays' head of compliance Sir Hector Sants will not be returning to the banking group after taking three months' leave in October due to stress.

Charles Gregson, chairman of St. James's Place, is stepping down from his role at the end of the year to be replaced by Sarah Bates.

Twitter shares have dropped below $40 on Monday for the first time since they were listed listed last week, as investors began to take profits.

Chris Reid, manager of the Majedie UK Income fund has revealed five key stocks that he expects will help his fund maintain its top ranking in the UK Equity Income sector in the coming year.

Bill Gross' Pimco Total Return fund has lost its position as the largest mutual fund in the world after investors pulled over 13% of assets from the fund since the summer.

Alliance Trust has suffered a slowdown in returns in the third quarter which it saw was due to its high allocation to US equities.

The US Federal Reserve hat yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.