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Morning Wrap: today's top business stories

News stories from around the web.

Bank fees rise 9 per cent despite dealmaking dip (FT)

Investment banks revived their fortunes during the first half of the year by generating a 9 per cent rise in fees because of a recovery in capital markets – despite another drop in dealmaking.

CVC attracts pledges of €14bn in six months (FT)

The rise of CVC Capital Partners into the top tier of private equity firms globally has been underscored by its latest fundraising which has seen the owner of the Formula One car racing franchise attract pledges of more than €14bn from investors in just six months.

Energy blackout proposal dismissed by Michael Fallon (BBC)

The government has dismissed a proposal that big shops and factories could be paid to cut their energy use to prevent shortages leading to blackouts.

UK house prices rose again in June, says Nationwide (BBC)

UK house prices rose again in June, increasing by 0.3%, according to the Nationwide building society.

Church of England bids for RBS branches (Telegraph)

The Church of England has blessed a consortium of financiers who are battling to win a bid for 315 Royal Bank of Scotland branches with millions of pounds of extra fire-power.