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New shadow housing minister appointed

Labour MP Jack Dromey has been appointed shadow housing minister to replace Alison Seabeck.

Former union boss Dromey represents the Birmingham, Erdington seat after his election in May 2010.

At the Labour party conference last month Dromey was an outspoken critic of proposed government changes to planning rules.

The move comes as part of a reshuffle that saw more Labour MPs from the 2010 intake promoted.

Rachel Reeves was promoted from shadow pensions secretary to shadow chief secretary to the Treasury.

While former Treasury Select Committee member Chukka Umunna will shadow business secretary Vince Cable.


Out of Context

“It is the Ghostbusters question. Who you gonna call? The answer? Us.”

Pru holds on to Pacific markets fund

Prudential plans to retain one unit trust following its raft of mergers into M&G funds. Pru investment director Andy Brown says the firm will keep the £532m Pacific markets unit trust because of the high cost of transferring the assets. Pru, which bought M&G in 1999, has been merging its unit trusts into the M&G […]

MM Leader: More choice boosts auto-enrolment

It has taken a while but competition for the auto-enrolment pension market is starting to heat up. It looked like Nest would have the mass-market end of the auto-enrolment business to itself but the last few weeks have seen two providers launch into this section of the market. The first new entrant was Danish pension […]

Welcome to The Brunner Investment Trust PLC

Welcome to the latest update for The Brunner Investment Trust PLC from the trust’s portfolio manager Lucy Macdonald. Market Review Global equities ratcheted higher throughout February, buoyed by optimism about global growth and corporate earnings. All regions advanced, although Japan tended to lag many other markets. In sector terms, healthcare, information technology, consumer staples and […]


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