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 […]
Former 1825 executive and financial planning director Ian Howe has launched his own firm under the Best Practice network after exiting the Standard Life Aberdeen-owned advice arm 12 months ago. Howe’s Windsor-based firm, Druthers Financial Planning, was set up last October and is still in its early stages. According to the FCA register, Howe is […]
A weekly account of the curious goings-on in the world of financial services Do you hear what I hear?WSJ knows that many an interesting piece is part of the wider puzzle that makes up how a financial services company markets itself. In the case of HSBC, this includes music. While browsing around on Twitter this […]
Lloyds Bank and Schroders have appointed a nine-person executive team under incoming chief executive James Rainbow for their advice joint venture, Schroders Personal Wealth. Rainbow’s position, along with that of Scottish Widows chief executive Antonio Lorenzo as chair, were revealed last October. The executive team are internal hires from the two companies: Executive Former position […]