Angus Tulloch and others have signed an open letter declaring independence is in Scotland's economic interest, but prime minister David Cameron has cautioned on the possible impact on Scottish financial services.

‘I am surprised at the market reaction to current geopolitical risk’

Demand for Neil Woodford's fund has helped make the UK equity income sector the best-selling category for a second month in a row.

The S&P 500 briefly crossed the 2,000 threshold on Monday after US Federal Reserve chair Janet Yellen signalled she will hold back on any aggressive move on interest rates.

The regulator is to meet members of Tisa to discuss re-registration rules next month, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose recently.

Wrap Nucleus saw £725m of inflows in the six months to 30 June, with profits jumping 85% as the platform grew its market share.

Global investors have been snapping up cheap Chinese stocks as signs of a banking collapse recede, but economic data remains mixed.

Angry workers and tax-hungry governments pose the biggest risks to equity income investors, Henderson Global Investors' Ben Lofthouse has said.

The Investment Management Association is right to enforce rules forcing low-yielding funds out of the equity income sector, according to Allianz's Simon Gergel.

Balfour Beatty has rejected a third, £2bn takeover offer from rival construction firm Carillion, sending its shares down sharply.