The FTSE 100 was continuing to steer clear of the 3,500 barrier on Friday after a static morning of trading.
At 11.10am the blue-chip index stood at 3531.7, a nominal rise from its opening value of 0.05 per cent.
Biggest winners so far this morning included Lloyds Banking Group, WPP Group and Randgold Resources.
The biggest faller was Wolseley with a fall of over 10 per cent, while Aviva was also down 4 per cent having been central to the falls seen on Thursday after publishing its results.
Moody’s today changed its outlook on the debt ratings and financial strength of HSBC to negative from stable.
Advisers have slammed providers’ single-tie annuity deals, claiming they create poor value and damage the progress made by the industry to boost usage of the open market option.
No examining bodies will be able to market their qualifications as RDR compliant until mid-2010, the FSA has made clear.
Legal & General is considering introducing teleunderwriting to price annuities.
The Artemis UK Smaller Companies Fund has delivered good returns through the bull market. But its cautious style is better suited to the trickier times which could be coming, says manager Mark Niznik.
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