United Kingdom

UK/EUROPE - Big business has scorned Tony Blair's call for green reporting, despite yesterday's launch of a new global standard for social and environmental accounting, according Friends of the Earth (FoE).

UK - Fidelity Investments, part of the world's largest independent fund management organisation, has announced that HM Treasury has approved Fidelity's Institutional Cash Fund (ICF), a ‘AAA' rated (Moody's) money market fund, as an investment vehicle...

UK - Ben Brooks joins Liberty Ermitage as director, strategic investments this week. He will report to Ian Cadby, group executive director.

UK - Singer & Friedlander (S&F) Investment Management has bolstered its institutional marketing team with the appointment of Richard Kunzer as its new assistant director.

UK - Department for work and pensions secretary Alistair Darling is to speak at this year's National Association of Pension Funds (NAPF) annual conference in Brighton.

UK - High street retail giant Kingfisher Group - former owners of Woolworths and Superdrug - has revealed a net FRS17 pension fund deficit of £112m.

UK - Retail giant the House of Fraser is closing its £255m final salary scheme to new members while it carries out a full pension review.

UK - Powys County Council has put half of its £162m pension fund up for tender, following a review conducted by its consultant, Watson Wyatt.

UK - The £680m Devonport Royal Dockyard pension fund has sold its £30m property portfolio due to its low diversification to risk.

UK - Pension funds are being urged to call on in-depth credit analysis if they are concerned over falls in the value of their bond portfolios.