UK - Commercial property returns will be higher than both UK gilts and equities over the next two years, property firm Cluttons predicts.
It forecasts commercial property returns of 9% next year and of 10-12% between 2004 and 2006.
Industrial property, though, is set to outperform all other property sectors in 2003 and 2004 with returns of 11% each year.
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.