Martin Gray, manager of the Miton Special Situations portfolio, explains why high levels of real estate and consumer debt will cause further problems for an over-geared banking sector.
UK blue chips made a strong start on Tuesday despite weakness in the US overnight and a mixed performance in Asia.
Aviva Investors has received shareholder approval to merge the assets of the International Property fund, formerly Henderson International Property, into the Aviva Investors European Property and the Asia Pacific Property funds.
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Schroders has unveiled its third yield enhancing Income Maximiser unit trust, which is based upon the group's Global Property Securities fund.
Invesco has been unable to find a buyer for its stricken Property Income trust, which remains in breach of its banking covenants.
Invista Real Estate Investment Management shares have fallen 9% this morning after the group announced plans to wind-up after losing £2.4bn of HBOS mandates.