The FTSE 100 opened higher this morning at 4,202 but struggled to make significant headway.
By 9.17am, the index was 0.2 per cent higher at 4,202 with gains from miners offsetting losses from oil stocks.
Rio Tinto was 1.4 per cent higher at 1,911p and BHP Billiton gained 1.6 per cent to 1,307.50p.
Meanwhile banks held up with Lloyds Banking Group up 1.2 per cent to 66.90p, HSBC up 0.3 per cent to 507.90p and Royal Group of Scotland up 0.9 per cent to 37.99p. Barclays slipped 0.2 per cent to 292.50p.
I am more positive about the future of the protection industry than I can remember being for some time. This surge in optimism is not just a pleasant symptom of my general summer joie de vivre – 10 days in the Dordogne beckon – but is a result of several factors.
The Bank of England has frozen the base rate at 0.5 per cent and is pushing ahead with its £125bn quantitative easing programme which it expects to complete within a month.
Here we are eight months down the line from the FSA’s November 2008 feedback statement and we are little closer to knowing how the retail distribution review will treat workplace pensions.
Legal & General is considering a sale of all or part of its asset management arm, according to reports.
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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