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Cavendish sets up five sub-funds

Cavendish Asset Management is launching five new equity sub funds under its Cavendish Investments Funds Oeic. They include European, Asia Pacific fund, North American, Japan and technology funds.

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Lloyds slashes 625 jobs

Lloyds Banking Group is axing 625 jobs after the merging of its corporate and small-business lending divisions. Jobs will go from sites in Scotland, England and Wales. The group says it will create 300 positions in its new wholesale banking department and try to redeploy some staff.

Inflation tumbles further

The consumer prices index (CPI) in Britain rose by 2.3% in the year to April, down from 2.9% in March but still above the government’s target level of 2%, according to the Office for National Statistics (ONS) (PDF).The 60 basis point fall represents a steepening decline in CPI inflation, after the rate of inflation in […]

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