For the last few years of this bull market we have been told that equity markets are too expensive and any further rises would be irrational, only for markets to defy the commentators and set new all-time highs. So are markets
The stampede into index funds and ETFs has set up favourable conditions for active managers. Not perhaps for the biggest index-hugging institutions, but positive for fundamentally-based investors that take active risk.
Sir Philip Green pumped £363 million into the BHS pension scheme after its collapse but only after significant parliamentary pressure. With the collapse of Carillion, it has been revealed that, once again, the Board was failin