The Dow Jones shed 0.36% in early trading today as sales of existing US homes fell in August for the first time in four months.

BlackRock's Catherine Raw says commodities will continue their bull run and remain an attractive investment at relatively cheap valuations.

The FTSE has tumbled 0.76% this morning, as the markets reacted to suggestions the US Federal Reserve is preparing to remove stimulus measures.

Gilliat has unveiled the inaugural product in its Lock-In Growth Series offering five-year returns of up to 34.5%.

Veritas Asset Management is launching a long/short China fund at the start of October.

Julius Baer has rolled out a Japan fund with a split quantitative and qualitative asset allocation model to the UK retail space.

Cazenove has closed its Absolute UK Dynamic fund one week after its launch having raised £123m.

Skandia has announced the sudden departure of Jamie Macleod, founder of the group's investment management business.

Gilliat Financial Solutions has unveiled its first structured product, a monthly income plan offering investors exposure to a choice of three different asset classes.

The FTSE 100 has extended its gains this afternoon as Cadbury snubs Kraft's £10.2bn takeover approach.