Have you ever done an exam, been absolutely sure you’ve nailed it, discussed the answers with your friends afterwards reassuring you that you’ve aced it, only to discover on results day that you’ve completely flunked the paper?
UK Economy
Hargreaves Lansdown drops M&G Recovery from Wealth 50
Hargreaves Lansdown has dropped the £2.1 billion M&G Recovery fund from its Wealth 50 buy list after a prolonged period of poor performance.
Morningstar downgrades Nick Train’s funds over capacity concerns
Investment research group downgrades Lindsell Train UK Equity fund and Finsbury Growth & Income investment trust.
McDonnell attacks ‘asleep at the wheel’ FCA over Woodford dividends
Shadow chancellor John McDonnell criticises City regulator after fund manager Neil Woodford took millions of pounds in dividends in before his business collapsed.
Stop Bailey BoE appointment until Woodford inquest done
Shadow chancellor John McDonnell has demanded that Andrew Bailey’s appointment as governor of the Bank of England be suspended until an inquest into his conduct as head of the Financial Conduct Authority be completed.