Goldman recommends equities
Investment banking supremo Goldman Sachs has advised clients to pile into equities. At its annual strategy conference, the bank said the world was on the brink of a major bull run as corporate profits are poised to jump sharply higher. Goldman said markets were in transition from a “hope phase” to a “growth phase”. Chief European strategist Peter Oppenheimer added: “It’s been a terrible ten years for share investors but, yes, I do think we’re in for a long period of pretty decent returns.”

BCC says rules will stifle recovery
New government regulations over the next four years could cost businesses more than £25bn, threatening economic recovery, according to a new report by the British Chambers of Commerce (BCC). In a new report released today, the British Chambers of Commerce (BCC) will say that 18 British employment and tax regulations due to come into force by 2014 will cost firms money that could be spent on creating new jobs. David Frost, director-general of the BCC, said companies needed the Government to “get off their backs.”