US - Wall Street's bull run will continue for the next few years, State Street Global Advisors predicts.
The fund manager’s chief investment strategist, Ned Riley, said share prices were currently at “the starting gate rather than the finish line”.
Riley cites the US’s low interest rates, tax cuts, and appreciation of the dollar as providing “ideal conditions” for a continued upturn in share prices.
He said: “With the possible exception of that dreaded al Quaeda attack, this stock market and economy will, in my opinion, continue to gain momentum over the next few years.”
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.