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FTSE breaks above 4,000 barrier

The FTSE 100 opened at 3,968 on a par with Wednesday’s close but lifted as high as 4,008 in early trades boosted by banks and mining stocks.

By 10am, the index was 0.91 per cent higher at 4,004.

Barclays was up 5.1 per cent to 207p, Lloyds Banking Group was up 6.5 per cent to 89.60p and Royal Bank of Scotland had gained 5.1 per cent to 29.10p.


Europe sees outflows again

European investment funds have slipped back into negative territory after a three-month positive run, according to Lipper’s latest monthly Fund Flash report on the region.The sector saw outflows of €1.7 billion (£1.5 billion) in February driven by negative sentiment in the wake of further government action against toxic debt. So-called “safe haven” funds were the […]

Workshops focus on switching

SimplyBiz and Clerical Medical are holding a series of 24 workshops throughout the UK to ensure members comply with the FSA’s pension switching requirements.


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