View more on these topics

FTSE boosted by financials

The FTSE 100 opened almost 40 points higher today at 3,882 today, up from Fridays close of 3,843 as investors anticipate details from the US Treasury on its plan to buy toxic assets from banks.

Banks and life insurers dominated gains in early trades leading the index as high as 3,919 with Barclays up 10 per cent to 115.50p and Lloyds Banking Group up 7.5 per cent to 59.50p by 9.28am.

By close Barclays was up 15 per cent to 121.50p and Lloyds was up 11 per cent to 61.50p.

Legal & General closed 4.91 per cent higher at 44.90p and Friends Provident 2.33 per cent higher at 61.40p.

By market’s close, the blue-chip index finished 2 per cent higher at 3,952.81 after Obama’s administration unveiled a 69bn plan that will rely on private investors buying up to 0.69tr in toxic assets.


Working relationship

Financial education in the workplace is a niche market in which Fluent Independent Financial Advisers’ brand has become well known.

Barclays reissues defined returns

Barclays Wealth is reissuing the defined returns annual kick-out (AKO) plan with a new investment option, allowing advisers to tailor the plans to suit different risk/reward profiles.

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm