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Pensions Support Index


FTSE 350 companies’ ability to support their defined benefit (DB) pension obligations has stalled and shows little signs of improving any time soon. PwC analysis shows that the recent gains in the stock market and a renewed confidence in the economy are not yet feeding through to more manageable pension deficits.


Schroder UK Property Fund


Schroder UK Property Fund (SPF) is announcing the completion of two key properties from vendor Corbo Properties in an off market transaction.


Asset management


Just under a third of compliance functions in surveyed UK asset management firms have staff who sit with the rest of the business, PwC research has found, whereas the remainder sit independently in a central team away from practice staff.


Tesco's sales


Weaker demand for groceries has seen a decline in third quarter sales at supermarket chain Tesco.


FTSE 350 Directors’ pay


KPMG’s latest analysis of trends in FTSE 350 Directors’ pay reveals that, whilst there have been relatively modest rises in median salaries of around three to four percent, there is still some way to go for companies to effectively align pay and performance when it comes to paying bonuses.


European banks


A new report from PwC says European banks face a substantial capital crunch in 2014 through the combined impact of Basel III capital ratio requirements, leverage ratio requirements, the ECB Comprehensive Assessment, and possible further national regulatory developments. PwC estimates that total capital shortfalls in Europe will be in the vicinity of €280bn.


Royal Mail profits


Royal Mail have reported that pre-tax profits were £233m for the six months to 29 September, up from £94m a year earlier, excluding special items.


Alternative Investment Market


The value of the Alternative Investment Market (AIM) increased by 19% in the last 12 months, according to analysis by Deloitte.


Co-op Bank inquiry


Chancellor confirms independent inquiry into events at Co-op Bank


JP Morgan settlement


JP Morgan Chase have agreed a record $13 billion (£8 billion) settlement with US authorities for misleading investors during the housing crisis.


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