By 12.06pm, the index was down by 0.67 per cent to 4,397 with Barclays down 6.8 per cent to 250.25p, Lloyds Banking Group down 3.9 per cent to 85.60p, HSBC down 5.6 per cent to 528.25p and Royal Bank of Scotland losing 7.8 per cent to 40.10p.
British manufacturing output fell 5.5% in the first quarter of 2009 compared with the previous quarter, according to the Office for National Statistics (ONS). Meanwhile, in a separate release, the ONS said that Britains trade deficit on trade in goods and services narrowed to 2.5 billion in March from 2.8 billion in February. Excluding oil […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]