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Barclays and RBS trading suspended as market falls continue

Trading in some bank and housebuilder stocks was halted this morning after the companies’ share prices fell by more than 8 per cent. Shares in Barclays and Royal Bank of Scotland both fell more than 10 per cent in early trading this morning, triggering the London Stock Exchange’s circuit breakers and leading to a temporary suspension in […]

Priips rules on past performance likely to hit funds’ appeal

Eliminating past performance of funds in key documents for investors under the rules of Priips regulation risks causing a reduction in product demand and attractiveness, experts warn. The European Commission is expected to sign off the draft rules of Priips this month which, among other changes, will see the end of the practice of including […]

Hugh Young: Modi puts India back on track

Time flies. Last month saw the second anniversary of the election of Narendra Modi as India’s prime minister. At the time of his election, expectations were sky-high that Modi could set his country on the path to economic success and improve its global standing. Satisfying or even exceeding the hopes and expectations of well over […]

HM Treasury Boardroom Head And Shoulder Shots - Wed 24 Feb 2016

HMT promotes financial services chief Roxburgh to replace Kingman

Charles Roxburgh has been appointed to the Treasury’s second most senior civil servant role to replace new L&G chair John Kingman. Roxburgh is promoted from director general of financial services – a post he has held since 2013 – to second permanent secretary. He will be responsible for the Treasury’s economics function and have responsibility […]

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