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FTSE winning streak loses steam

The FTSE 100 opened higher at 4,588 this morning looking to notch up a new record of 12 positive sessions.

By 9.04am, the index was 0.4 per cent higher at 4,606 with Lloyds Banking Group amongst the strongest gainers up 4.1 per cent to 86.76p.

The rise in share price follows the announcement from the bank that Sir Win Bischoff, former chairman of US bank Citigroup is to succeed Sir Victor Blank as chairman when he steps down in September.

But by 1.40pm, the index was 0.9 per cent lower at 4,546 and Lloyds had slipped 2.1 per cent to 81.55p as investors took profits.


Yield switch

For most investors, the last couple of years have been challenging so many are loathe to take risks. Risk aversion may come at a price, however, if it is predicated on false assumptions surrounding risk. The adage that government bonds are “risk-free” has been wheeled out so many times that the maxim has replaced fact.


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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