View more on these topics

FTSE slips 1 per cent on week

The FTSE 100 closed 1.1 per cent lower on Monday’s open of 4029.67 to close at 3983.71 despite buoyant trading in financials.

The blue chip index opened higher today at 3,945 with banks leading early gains.

By 9am, the index was 0.65 per cent higher at 3,951 after opening almost 20 points higher on Wednesday’s close.

Afternoon trading was buoyed by news that Barclays had agreed a sale of its iShares ETF business to private equity firm CVC Partners for £3bn.

Barclays closed up 12.5 per cent at 177.50p, Lloyds Banking Group was 10.9 per cent higher at 79.50p, Royal Bank of Scotland was 11.1 per cent higher at 29p and HSBC was up 8.5 per cent at 474p.

Recommended

Standard slashes executive pay

Standard Life has reduced the remuneration package for its executive directors, cutting chief executive Sir Sandy Crombie’s package by 16.4 per cent from £1.64m in 2007 to £1.39m for 2008.

Ireland tries to stabilise economy

The Irish government has announced the details of an emergency budget designed to shore up the country’s flagging economy.Pre-Budget data published last week show a €5 billion (£4.5 billion) widening from the budget deficit projected in January.Brian Lenihan, the finance minister, has proposed a raft of tax increases which should generate €3.6 billion over the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

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