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Holders of Aviva Investors' £159m Asia Pacific Property fund face a 12-24 month wait to exit after the firm suspended the fund due to large investors' plans to redeem their positions.
Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.
Chancellor George Osborne is to begin selling the government's 80% stake in Royal Bank of Scotland at a loss, saying any further delay could jeopardise the economy.
The FTSE led by financials has gained over 100 points and the pound is up 1.3% against the dollar this morning as the general election result points to a surprise majority for the Conservatives.
Alliance Trust has partially given way to Elliott Advisors' demands just a day before its AGM, agreeing to appoint two new non-execs to its board.
Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.