News

Sainsbury's sale enters final stages as Qataris see the books; FSA under fire over Northern Rock role; Morrison puts £1bn property deal on ice over credit squeeze; Barclays' £41.3bn ABN bid ‘too low'; Corporate bonds take a battering

UK - Investment consultants have claimed that people matter more than past performance when it comes to managerial selection.

FRANCE - Five rail unions have announced plans to strike on October 18 in protest against proposed pension reforms.

UK - CQS, a London-based hedge fund, has revealed it will acquire investment manager New City creating an asset management business with US$9bn of assets under management.

Postal workers are to hold new strikes over their pensions and pay dispute with Royal Mail.

New regulations banning trustees of collapsed pension schemes from bulk-buying annuities for members have been backed by an independent trustee.

US - The Ohio Public Employees Retirement System (OPERS) has received a recommendation to allocate 5% to private equity in its healthcare fund.

SINGAPORE- Janus Capital Group Inc has opened an office in Singapore to target the institutional and wealth management markets in South East Asia.

The Assets Recovery Agency has taken the unprecedented step of freezing pension scheme assets worth more than £300,000 as part of a VAT fraud trial.

UK - The trustees of J Sainsbury plc's pension scheme are to be approached "imminently" by Delta Two, the Qatari-backed investment group which has been in talks with the retail company.