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FTSE rebounds slightly

The FTSE 100 has rebounded slightly this morning after banking shares dragged the index below 3,500 at one point on Monday.

At 13.31, the index stood at 3586.71, a rise of 1.25 per cent, with Barclays the biggest winner today with shares rising almost 17 per cent.

Other leading gainers included Legal and General, which was up 16 per cent, as well as Man Group and Old Mutual. The biggest faller was International Power, down 5.27 per cent.


Defaqto puts focus on stats

Defaqto has revamped the layout of its quarterly multi-manager guide, Blending Talents, to focus on statistics and comment.

Alternatives for income

On February 20, Anglo American, the world’s biggest platinum producer, scrapped its final dividend. Just over a week later, HSBC, Europe’s biggest bank, cut its final dividend by almost a third.

Aifa warns of cost of overhauling regulator

The Association of Independent Financial Advisers has welcomed Sir James Sassoon’s review of the tripartite system, commissioned by the Conservative party, but warned of the cost involved with overhauling regulatory structures.


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