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FTSE slumps

The FTSE 100 fell by more than 2 per cent this morning on the back of negative data from the likes of the IMF and Standard and Poor’s.

At 11.55 the blue-chip index stood at 4374.91 a fall of 93.50 points on its opening.

The fall comes as the IMF warned that the UK Government may be forced to thrust more money into the troubled banking system, while Standard & Poor’s also revealed that it has downgraded its outlook on the UK economy from stable to negative.

Leading fallers in the index include Cable and Wireless and Eurasian Natural Resources, which have dropped by 8.28 and 7.32 per cent respectively.


Inflation tumbles further

The consumer prices index (CPI) in Britain rose by 2.3% in the year to April, down from 2.9% in March but still above the government’s target level of 2%, according to the Office for National Statistics (ONS) (PDF).The 60 basis point fall represents a steepening decline in CPI inflation, after the rate of inflation in […]

Midas sees boost for Miton funds

Midas Capital expects its new distribution link with FundsNetwork to drum up further IFA interest in the Miton special situations, Miton strategic and Miton global portfolio funds.

Europe: Domestic backdrop & China impact

By Rob Burnett, Head of European Equities In recent weeks equities have been buffeted by two shocks occurring at the same time: China’s devaluation of the renminbi and the prospect of the US Federal Reserve (Fed) raising interest rates. The market is not comfortable with the Fed raising rates at the same time that China […]


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