UK

Neptune has replaced Jeremy Smith as manager of the £53m UK Equity fund following a period of underperformance.

Hargreaves Lansdown has added Sanjeev Shah's Fidelity Special Situations to its Wealth 150 list of recommended funds.

Swip has handed a £267m UK equity mandate to LGIM's head of active equities Robert Churchlow.

ON UK GROWTH

ON UK INCOME

Ashcourt Rowan Financial Planning, part of the Syndicate Asset Management group, has agreed to acquire the IFA business and assets of Co-operative Bank Independent Financial Advisers.

Liontrust has experienced its first quarter of net inflows for more than two years in Q3, after taking in a net £6.3m.

Henderson's Trevor Green believes investors should not read too much into today's "depressing" results from retailers, saying they do not adequately reflect the outlook for the entire sector.

Investment guru Jim Rogers warns stock markets could collapse if the global recovery fails to reignite and is urging investors to turn to commodities.

Cazenove plans to reopen Paul Marriage's Absolute UK Dynamic fund to investors next year following a recovery in performance and the appointment of co-manager John Warren.