Rees-Mogg, tobacco and the rise of ETFs: July’s news in numbers

 It was a bad month for Somerset Capital Management’s Jacob Rees-Mogg, whose ambitions to become chair of the Treasury select committee were thwarted in a vote by MPs, as well as British American Tobacco, which was dumped by Neil Woodford. Meanwhile Vanguard’s stake in the S&P 500 grows, prompting a warning for active managers.