Here's your morning news bulletin...

By Carolyn Cohn

Worries about outflows from Standard Life’s flagship multi-asset strategy hit its shares, ahead of an £11bn (€12.2bn) merger with Aberdeen Asset Management to form the UK’s largest active manager.

Standard Life, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management for about £3.8bn (€4.4bn), a deal that would create the UK’s largest active manager.

British insurer and asset manager Standard Life has reported strong net inflows for the third quarter as investors looked to increase returns against a backdrop of low interest rates and volatile markets.