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Bank rally loses steam

The FTSE 100 opened at 4,338 this morning with gains from the previous session slipping as financial stocks lost some ground in early trades.

By 10.15am the index was up 0.58 per cent to 4,361 with Barclays was down 1.1 per cent to 294.75p.

Royal Bank of Scotland was down in early trades but pulled back to gain 5 per cent at 50.40p and Lloyds Banking Group recovered earlier losses to gain 2.7 per cent at 124.40p.


People on the move: Investment

FourWinds Capital Management, the alternative investment manager, has appointed of Lydia Whyatt as managing director in the environment group. Prior to joining the firm, Whyatt spent four years as managing director at Foursome Investments. In her new role, she will focus on deal execution and implementation and will be based in the London office.

S&W adds short-dated bond fund

Smith & Williamson has added to its fixed-interest range with the launch of the short-dated corporate bond fund managed by Ian Kenny.

Skills Academy chooses chief exec

Her primary role is to increase awareness among employers, employees and potential new joiners to the industry of the training and development opportunities that exist.

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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