A government-backed report on the UK's financial services industry is expected to call for an end to the requirement for companies to issue quarterly updates.
Poor corporate governance in banks must be "urgently" addressed as it can ultimately lead to their failure, said Financial Services Authority (FSA) chief executive Hector Sants.
The FTSE Group has launched a consultation on whether it should raise its minimum free float requirement from 15% to 25%.
Better governance is needed to get the investment trust industry back on its feet, writes Simon Westlake of City of London Investment Management
Japan's economy expanded 0.9% in the second quarter compared to the previous one, lifting hopes that it may be recovering after four quarters of contraction.