UK - Worldwide investor confidence in equities is falling, figures from State Street Associates show.
Its Investor Confidence Index, set up to measure the risk appetite of institutional investors, says investor confidence fell from 85.5 in June to 84.3 in July – the sixth decline this year.
Index co-designer and Harvard University professor Ken Froot said: “It’s becoming clear that investors do not see sufficient growth in earnings to justify recent price levels, especially in the context of increasing interest rates.”
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point