UK

Jupiter's Philip Gibbs has rebuilt a strong stake in insurer Prudential, just months after offloading the stock over its proposed AIA takeover.

Cazenove has promoted Rob Thorpe to the newly-created head of UK retail position.

St. James's Place is eyeing further development of its fund range after recording a 60% jump in Q2 unit trust sales.

Rathbone Unit Trust Management has continued to suffer redemptions from investors over the first half of the year, with the group posting a £41m net outflow.

Investment Week would like to send its condolences to the family and friends of Jupiter fund manager Laurie Petar, who passed away yesterday after a long battle with prostate cancer.

Despite UK inflation dropping for a second consecutive month in June to 3.2%, this does not necessarily signal the start of a longer-term trend

Bestinvest has recruited former UBS head of operations Donald Reid as chief operating officer.

UK GROWTH

Neil Woodford has continued his criticism of water regulator Ofwat, saying the organisation is "dysfunctional" and should be merged with electricity compatriot Ofgem.

Aberdeen Asset Management continued to see investors exiting UK equities in Q2, as the group posted an overall £337m net inflow for the quarter.