Trust in Lazards

LAZARD Investors is launching an investment trust with a six-year life that aims for a yield of 8 per cent gross through investing mainly in convertible securities. These offer a fixed rate of interest and the right to convert to ordinary shares at a future date. There will be just one class of share. Minimum investment is pounds 1,000. Prospectuses can be ordered on 071-867 8665/6 from next Wednesday.
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Payday lender forced to repay £20m to ripped-off customers: Cash Genie closes down after being caught charging unnecessary fees

The high-cost credit company preyed on vulnerable people struggling because of the recession

Mark Carney warns that the decision is likely to come into 'sharper relief' by 'the turn of the year'

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