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B&B troubles sees FTSE 100 crash below 5,000

The FTSE 100 sailed below 5,000 this morning as the nationalisation of Bradford & Bingley continued to hit confidence in the banking sector.

At 9.32am, the index plummeted by 2.64 per cent to 4953.96, with the banking sector dominating the biggest fallers.

Royal Bank of Scotland shares fell by 11.76 per cent to 186.9p, while HBOS and Lloyds TSB Group fell 8.11 and 6.37 per cent respectively.

ICAP was the biggest faller with an 11.76 per cent loss.


IMA warning firms on bank stock lending

The Investment Management Association has warned its members to “carefully consider” the implications of any participation in the lending stock of UK banks due to current market conditions.

Multi-manager dilemma

AWD Chase de Vere head of investment research Justine Fearns believes that the future of Swip and Insight’s multi-manager proposition could be the most difficult part of Lloyds TSB’s takeover of HBOS.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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