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FTSE up on Friends talk

The FTSE 100 opened at 4,389 this morning and lifted higher in early trades boosted by takeover talk.

By 9.17am, the index had gained 0.9 per cent at 4,427 with Friends Provident 2.5 per cent higher upon news of a meeting with Resolution to explore a possible merger.

The insurance sector fared well more widely with Prudential 4.6 per cent higher at 405.75p and Standard Life gaining 0.8 per cent to 191.10p.


All-round game

It is finally summer and we have actually had some good weather too. Who would have thought that Wimbledon’s equivalent of a giant umbrella, constructed with the sole purpose of protecting its centre court from the elements, would have been used so little? Or that it would be so hot that the weather would come with its own health warning?

Damaged goods

How badly damaged is the brand that we call “the banks” and what is the chance of them recovering consumer trust in the short and medium terms? Reviews by Sir David Walker and Lord Turner have focused on key areas, including those of non-executive director and institutional investor duties and responsibilities and remuneration structures. In the case of Turner, a key issue was the financial security of the banks.

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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