Money Marketing
View more on these topics

FTSE flattens after PBR frenzy

The FTSE 100 opened 20 points lower today and remained flat in morning trades after posting its biggest ever one day percentage rise yesterday following the pre-Budget report and rescue plan of ailing US bank Citigroup.

By

Today the UK index opened down at 4132,33 from its previous close 4152,96 after gaining almost 10 per cent in value during Monday afternoon’s trades.

By 11.30am Royal Bank of Scotland and Barclays had gained over 7 per cent, bolstered by news from the Bank of England governor Mervyn King that more steps may be taken to prop up the financial markets.

Amongst the big fallers was miner Rio Tinto which plunged over 35 per cent after BHP Billiton announced it was abandoning its £44bn takeover of the group.

Recommended

2015: a divergence in economic policy?

As the US continues to confound growth expectations and the eurozone’s ‘will they, won’t they’ saga has finally concluded, what are the implications for global markets? James Dowey, Neptune’s chief economist, puts forward his outlook for 2015 and the key considerations for investors.

Most Read

  • Top trends

Newsletter

News and expert analysis straight to your inbox

Sign up

Latest from Money Marketing

Meeting-Business-Finance-Boardroom-700.jpg
1

Almary Green eyes merger with Norwich IFA

Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]

Coffee-diary-image

Lions, bees, bulls and bears: The Wells Street Journal

A weekly account of the curious goings-on in the world of financial services Locked out  While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]

FCA eyes 40 firms in adviser recruitment and training probe

The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com