News

The Financial Services Bill has been branded a 'dog's breakfast' by a prominent Labour peer and criticised for being put together too quickly.

Troy Asset Management is poised to take over two closed-ended UK growth and income trusts which are set to be merged into Francis Brooke's £81m Troy Income & Growth trust.

The Treasury is under so much pressure it should consider getting funding directly from the financial services industry, former cabinet secretary Gus O'Donnell has said.

The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

Long seen as leveraged plays on the market, asset managers' improving cash positions may give them more defensive qualities as they face up to a changing fund management landscape.

ENGLAND VS FRANCE

The yield on Spanish government debt is racing higher this afternoon despite the move by the European authorities to spend €100bn bailing out the country's banking system.

The Financial Services Authority (FSA) will release its final consultation paper on the platform market before the Olympics begins, Investment Week understands.

This year is turning into a repeat of 2011, according to JPM's Nick Gartside, who said the absence of a strong trend has led to another year characterised by swings between good and bad days.

The number of exchange-traded funds (ETFs) in Europe will continue to grow, but there are currently 241 European ETFs on a ‘death list' for profitability reasons, according to Lipper.