The FTSE 100 dropped 0.49% or 28.19 points to 5,768.68 in early morning trading, as fears of lower demand from China dragged down mining stocks.

Invesco Perpetual plans to merge its two UK smaller companies funds following the departure of Andy Crossley at the end of the year.

Global Bond was the top selling retail sector in September with inflows pushing the category to its best ever quarterly showing in Q3.

Morningstar and OBSR have harmonised ratings for 32 funds where there was a discrepancy between the two agencies.

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

The US economy grew at a 2% annual rate in the third quarter, faster than in the previous three months.

The FTSE 100 rose 0.9% to 5,791.10 in early morning trading as a weaker US dollar provided support for mining stocks.

UK equity markets and sterling were largely unfazed by today's Spending Review with investors unsuprised by the level of the cuts.

The FTSE 100 had a slow start to the week, down 0.32% or 18.43 points to 5,684.94, following mixed sessions in Asia and the US.

Bonds funds continued to dominate new inflows in August and helped boost retail sales for the month to a record high, according to the IMA.