LISTED PROPERTY companies have "hijacked" the debate over government plans to introduce real estate investment trusts, according to William Hill, head of property at Schoders, reports this morning's Financial Times .
MORE OF the 15 former directors being sued for £1.7bn by Equitable Life for negligence are expected to settle within the week after the troubled mutual announced yesterday it had reached an agreement with two former directors, says The Times .
Prudential has confirmed it will enter the equity release market with its own lifetime mortgage product in the autumn.
In the UK this morning the FTSE 100 index is trading down led by mortgage companies, HBOS and Northern Rock.
The Advertising Standards Authority has upheld two complaints against mortgage providers, which highlight the way in which advertising or documents can be interpreted as misleading.