Markets

UK EQUITIES

ETHICAL

HIGH YIELD BONDS

UK EQUITY ALPHA

River and Mercantile has expanded its wholesale distribution team with the hire of Neptune's Tom de Lisle .

Aberdeen CEO Martin Gilbert has said Lloyds Banking Group's plan to boost its wealth management capabilities is a crucial factor in the fund manager's deal to buy SWIP, but refused to be drawn on possible job cuts.

ON UK GROWTH

F&C has hired Sarasin's Robert Thorpe as head of consumer.

Aberdeen has beaten off competition from Macquarie to acquire Scottish Widows Investment Partnership (SWIP) from Lloyds Banking Group in a deal worth up to £650m.

Macro data was at the forefront of investors' minds this week, after a surprise drop in UK inflation sent the pound lower.