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MPs summon FCA over axed bank culture report

An influential committee of MPs is to investigate why the FCA dropped a report into banking culture. The Treasury committee has summoned FCA chairman John Griffith-Jones and acting chief executive Tracey McDermott to justify the decision. At the time of dropping the probe, the FCA said it would instead work with individual banks on improving […]

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UK employment rate hits record high but wage growth slows

The UK employment rate has risen to its highest level in over 40 years but wage growth has slowed, according to the latest figures from the Office for National Statistics. The employment rate was 74 per cent in the three months to November, the highest rate since 1971, with the number of people out of […]

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MPs warn DWP over £387m Nest loan

Members of the influential Public Accounts Committee have criticised the Department for Work and Pensions and Nest for failing to explain how the scheme will pay back its multi-million pound loan. In a report published today on automatic enrolment, MPs say they are “concerned that neither the Department nor Nest could provide a credible estimate […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]

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