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Equity markets will remain volatile, says Henderson Global Investors

Equity markets will remain volatile in the short-term but could end the year higher, according to Henderson Global Investors.

The firm warns if a credit crunch develops however, 2008 might see a much weaker output and profit growth than expected and suggests “this scenario cannot be easily dismissed”.

Henderson Global Investors director of economics and strategy Tony Dolphin says the Federal Reserve’s rate cut last week was clearly meant to calm markets.

He says: “The actions by the Fed on Friday were a first step in addressing these issues and the markets reacted positively. However, given the potential scale of the problems, further interventions by the Fed may be necessary.

“The Fed also noted in its press release that it ‘judges that the downside risks to growth have increased appreciably’, indicating that slower growth may now be more concern to it than higher inflation.”


Yorkshire appoints David Henderson as chief information officer

Yorkshire Building Society has appointed David Henderson as chief information officer.Henderson joins Yorkshire from HBOS where he headed IT for a number of retail business divisions.Henderson will be responsible for the society’s IT functions, the business change project management team and Yorkshire Key Services, a wholly owned subsidiary of Yorkshire Building Society which provides a […]

Survey reveals public’s views of CAR plan

Four out of 10 consumers say they would be more likely to use a financial adviser if their business was based on the customer-agreed remuneration model, according to Skandia.The company says this shows why proposals for CAR should be embraced by the industry, although it says the FSA should be wary of unnecessarily increasing regulation […]

Annuities reach four-year high

Annuity rates have reached their highest level for four years but further rises depend on movements in bond yields, says Annuity Direct managing director Stuart Bayliss.He says improvements in annuity rates are due to a substantial increase in long-term gilt and bond yields and the last six months have seen a succession of rises as […]


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