UK

Deputy Prime Minister Nick Clegg has backed proposals to give the public shares in part-nationalised banks RBS and Lloyds.

One of the Bank of England's (BoE's) senior policymakers has hinted a further round of quantitative easing (QE) remains an option for the UK's central bank.

Three MAM Funds portfolios, including Martin Gray's £619m Miton Special Situations fund, hold a total 12% stake in Gervais Williams' Diverse Income trust, which listed in April.

The big event in May for the London stock market was the IPO of Glencore. Many investors are unsettled about the logic of listing companies on the LSE that have little or no economic footprint in the UK.

Ronald Reagan claimed inflation was as "violent as a mugger, as frightening as an armed robber and as deadly as a hitman."

Here in the UK, household budgets are currently under attack from insufficient growth in earnings and higher costs for basic goods and services.

Top performers reap rewards from mid and smallcaps, as they outstrip larger peers

ON UK INCOME

ON UK GROWTH

Castlestone has lost its second fund manager in a month with the departure of Bradley Yim, who is involved in a legal dispute with the group.