The FTSE 100 opened higher at 4,420 this morning recovering previous ground lost after a boost from Wall Street overnight.
By 8.23am, the blue chip index was 0.7 per cent higher at 4,438 from Monday’s close of 4,405 with banks holding up gains.
Barclays was 1.3 per cent higher at 287.50p, Lloyds Banking Group was 3.8 per cent higher at 63.40p and Royal Bank of Scotland was 1.7 per cent higher at 35.90p.
West Bromwich is working to put together a £182m rescue package in the run up to the publication of its year end results.
Standard Life is looking at targeting consumers directly with its platform.
Pension Insurance Corporation has announced a buy-in agreement with the trustees of the Warwick International Group Pension Scheme.
The CF Ruffer Japanese fund aims for growth by investing mainly in Japanese equities but its wide remit allows for investment in other assets and regions if deemed necessary.
By Kunal Desai, head of Indian Equities at Neptune Returning from a recent research trip, Kunal Desai asks three key questions: first, do prime minister Modi’s reform policies still offer hope for investors; second, what exactly is required to drive an earnings upgrade cycle; and finally, which areas of the market do we believe are […]
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Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]
Fund manager Miton has surpassed £4.5bn in assets under management as it records profit and revenue growth for the first six months of the year. In the same period the previous year, Miton reported £3.3bn AUM. At the end of August, AUM had risen to £4.8bn. Miton reported profit before tax for the six months […]
IFA consolidator AFH has bought the client bank of Salisbury-based firm Emery Little for a maximum price of £1.6m After the deal, Derek Gibbons will join AFH as an adviser while Brian Little will retire with his clients moving to AFH. AFH will initially pay £870,000 with the remaining sum paid over 26 months, subject […]