Equities

John Kay has released his final report on the UK financial services sector, calling for investors to rethink their approach to portfolio construction and risk management.

European equity markets have slumped in afternoon trading as Spanish 10-year bond yields approach record highs once again.

Resolution has cancelled an intended £250m payout to shareholders after reconsidering the expected capital requirements of Friends Life.

WHAT'S HOT

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

JP Morgan Chase is to restate its Q1 results downwards by a net $459m after it revealed the losses it has sustained from its ‘London Whale' positions have widened to $4.4bn.

BlackRock has launched a range of funds investing in a number of index trackers, as it moves to compete with the rise in demand for low-cost funds ahead of the Retail Distribution Review(RDR).

Lloyds Banking Group is close to selling some 630 branches to the Co-operative Group at a significant discount to the original price tag of £1.5bn, reports suggest.

The decision by Lighthouse Group to de-list from AIM was "shoddy" and will disproportionately hurt the majority of shareholders, Cavendish Asset Management has said.

J.P. Morgan Asset Management (JPAM) has launched an emerging market income fund for Richard Titherington.