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FTSE pushes higher

The FTSE opened at 4,671 today rising as high as 4,687 in early trades with help from mining and financial stocks.

By 9.17am, the index was 0.7 per cent higher at 4,679 with Rio Tinto gaining 3.3 per cent to 2,320p, BHP Billiton up 1.5 per cent to 1,527p and Anglo American up 0.8 per cent to 1,836p.

Banks remained upbeat ahead of consumer price index inflation data due out this morning with Royal Bank of Scotland up 1.3 per cent to 45,49p, Lloyds Banking Group rising 1.1 per cent to 96.02p and HSBC up 3 per cent to 656.90p.
Barclays slipped 1.4 per cent to 342.50p.


NDFA defines income

NDFA has brought out the fourth issue of its defined income plan, a five-year FTSE 100 linked structured product which provides monthly income.


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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