Markets

Darren Pilbeam, head of UK retail sales, Natixis Global Asset Management

Caspar Rock, head of Architas Multi-Managers

The Treasury has further sold down its stake in Lloyds Banking Group, and has committed to a retail share sale within the next 12 months as the bank's share price continues to recover.

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

Aviva Investors has appointed Aria Capital Management's James Tothill as head of third party sales.

Sterling has pulled back against the dollar after a second estimate of Q1 UK GDP growth failed to produce the upwards revision expected by economists.

Tony Mann has joined Alpha Portfolio Management to spearhead the expansion of its private client offering.

The government has pledged to keep the triple lock on state pension increases until 2020 and to leave pensioner benefits such as the winter fuel allowance untouched.

Bank shares were clear winners in the days following the Conservatives' shock election win, and fund managers predict they have further to run. Investment Week lists funds positioned for a further rally in bank shares.

The managers of the £3.4bn Scottish Mortgage trust said they need to 'renew their thinking' about some of the portfolio's key themes, after seeing opportunities become "exhausted" in the last few years.