Matthews Asia has expanded its fund range with the launch of the Matthews Asia Strategic Income fund.

UK consumer price inflation assumed its downwards trajectory once more in July following a sharp spike the previous month.

UK unemployment dropped to a near six-year low but sterling has fallen against the dollar after the Bank of England cut wage forecasts, suggesting rates will remain on hold for the foreseeable future.

How Prusik Asian Income topped the charts

Aberdeen Asset Management has seen double the outflows it expected from its funds following completion of the SWIP takeover.

Lloyds Banking Group is preparing to pay fines to UK and US regulators over its involvement in the LIBOR fixing scandal.

The Royal Bank of Scotland (RBS) expects profits to jump in the first half of the year, although its CEO has warned litigation issues could still hit future revenues.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

Charles Stanley has said it is approaching the coming months with caution in the face of falling commission income, and significant costs to invest in the business.

Rewarding outperformance