There is an increased sophistication in the provision of financial services by UK financial mutuals. This article presents evidence of a more complex process of price setting by these firms. From a theoretical model of the ...

This paper analyses the impact of a move from fractional to decimal pricing in the UK Long Gilt futures market, and thus offers a unique insight to tick size reduction and decimalization in a derivatives market setting. ...

This paper examines the relationship between returns and dividend yield in the UK stock market, and introduces earnings‐related data to the asset pricing model in the form of payout ratio. The latter has a considerable ...