Morgan Stanley has reissued three of its most popular FTSE-linked structured products - the Protected Growth, Best Entry Growth and Growth Kick Out plans.

The FTSE 100 opened lower, down 39.78 points or 0.76% to 5220 over worries about global growth following announcements in China and the US.

Investec Structured Products is planning to launch its first VCT in February.

Morgan Stanley has launched a new FTSE 100 linked structured product which offers a leveraged upside return while reducing the impact of falling markets.

Cater Allen has launched a five-year structured product which offers a potential annual income and full return of capital at maturity.

Cadbury shares have bucked a poor start to FTSE 100 trading this morning, climbing over 3% on news it has agreed a £11.5bn takeover bid by Kraft.

The WAY Group has brought the management of its funds in-house, ending an eight year relationship with FundQuest.

T.Bailey has gained FSA authorisation for its new passives-only global fund.

Arc Capital & Income's administrator has received an FSA waiver which will allow client funds to be distributed.

CitiFirst, the retail structured product division of Citigroup, is launching its first open-ended fund aimed at the UK IFA market - an autocallable structured product based on the FTSE 100.