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Festive cheer lifts markets

Stockmarkets rose to record heights across the globe in the last full trading day before Christmas.

London&#39s FTSE 100 smashed through the 6,800 level for the first time, closing at 6,776.8 at close of trading yesterday.

In the US the technology-based Nasdaq broke through the 4,000 barrier for the first time – it has recorded an 80 per cent rise over the last year.


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Equities could do better – survey

UK equities have produced returns much lower than expected, according to the London Business and ABN Amro.Their study looks at records since 1899 and show shares have produced annual returns to investors of 6 per cent in real terms, rather than the 8 per cent rate put forward by the Barclays Capital survey.The study says […]

FSA warning on endowments

The Association of British Insurers is creating guidelines on endowment mortgages to help confused consumers.The initiative follows the Financial Services Authority&#39s rejection of consumer campaigner calls for a full-blown enquiry into alleged endowment mortgage misselling.The ABI has devised a ten point action plan designed to reassure and educate new and existing policyholders.The FSA is working […]

Pru turns to China

The UK&#39s largest life insurer, Prudential, has closed in on the Chinese market with the signing of a joint venture agreement with state-owned enterprise China International Trust & Investment Corporation.The agreement follows Prudential&#39s successful bid to become the first UK life office to win an operating licence from the Chinese government in May this year.The […]


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