1. Royal Mail mulls split as union action beckons
The logistics firm said “in the event that significant operational change within Royal Mail in the UK is not achieved, the board will consider all options to protect the value and prospects of the group, including separation of the two companies.”
2. Trusts are better than funds in the long-term
Data from interactive investor (ii) found that while the same number of its customers invested in funds and trusts, the performance varies wildly according to the market conditions.
3. Rolls-Royce and BAE look to the future
The Farnborough International Airshow returned at the start of this week after three years, with some of the biggest companies in the aircraft space dropping news.
4. FTSE 100 stutters after recent gains
At the close, the UK blue-chip index was down 31.97 points, or 0.4% at 7,264.31, above the session low of 7,253.56 but well below the morning peak of 7,347.60.
5. 40-year high for inflation
This was marginally higher than the 9.3% predicted for June, but not sufficiently outside the scope of economists’ expectations to set alarm bells ringing.