UK - Fund managers are looking unfavourably on companies which want to raise extra cash on the stock market, Isis Asset Management claims.
The fund manager’s director of equity research Tim Haston said that unless the market can be assured of consistently high returns from investments, company management would generally be better served by concentrating on existing assets first.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.