Equities

Schroders has moved to fill its vacant head of UK equities position following Richard Buxton's departure, handing the role to its head of European equities Rory Bateman.

Major indices across Europe traded lower on Wednesday, reversing gains made yesterday as the IMF cut Chinese growth forecasts.

Crispin Henderson, the former CEO of Threadneedle who stepped back from the role in March, is to retire from the industry at the end of the week.

Wealth manager Brewin Dolphin is planning a £40m capital raising through a share placing, as it sees pre-tax profits almost halve in the six months to March.

Fidelity Worldwide Investment (FWI) is to expand its range of FAST funds with the launch of a US portfolio for manager Adrian Brass, as it moves to create a US equity research desk that can "rival anything in London".

Santander has confirmed it is "exploring the possibility" of the sale of a stake in its asset management division.

The Co-operative Bank has appointed the former head of HSBC's North American propositions as its new chief executive.

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Japanese shares have regained some of their ground after falling more than 7% yesterday in a dramatic trading session.

St James's Place stock has fallen 10% in today's trading after majority shareholder Lloyds Banking Group placed 77m shares into the market.