Equities

Investors are "in the teeth" of a severe sell-off - but one which may be over relatively quickly, according to equity income manager Neil Woodford.

Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.

The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months on 15 October.

Henderson director of European equities Richard Pease is leaving the firm to join new venture Crux Asset Management, taking his £1.1bn European Special Situations fund with him.

IPOs: How to spot the winners and losers

Jupiter Fund Management saw a net inflow of more than £1bn into its fund range in the nine months to September, a period in which it concluded the sale of its private client business to Rathbones.

Sector report: Why is global equity income so unloved?

Asset Allocators' Soapbox: The problems with P/E and P/B ratios

Liontrust's assets under management are to climb above £4bn imminently after the group won a £320m UK equity income mandate.

Neil Woodford has ended a 10-year investment in Reckitt Benckiser after the shares became "too expensive" to justify holding any longer.