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Standard set for UK property fund

Standard Life has confirmed plans to launch a UK property unit trust to be managed by Nigel Chapman. The £175m UK property fund invests directly in UK commercial property.

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Growing pains

There has been no stopping this market – or these markets, it would be more correct to say. The bounce in the UK was approaching a third over less than six months last week. In some markets, it was even greater. This prolonged period of appreciating share values has given rise to a new phrase – the pain trade.

FTSE pushes higher

The FTSE opened at 4,671 today rising as high as 4,687 in early trades with help from mining and financial stocks.

McGuire joins AJ Bell

AJ Bell has appointed former Jardine Lloyd Thomson head of financial institutions Eddie McGuire as client services director.

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