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Intended sale of Barclays stake pushes FTSE down

News that the an Abu Dhabi-government owned petrol firm plans to sell its large stake in Barclays has pushed the FTSE and bank stocks down in early trading.

At 9.49 Barclays share price has fallen by 13.75 per cent after International Petroleum Investment Company revealed that is was looking to sell Mandatorily Convertible Notes in the bank, which equated to 1.3bn shares.

The fall in Barclays has led the FTSE down by 1.19 per cent, with Lloyds Banking, Standard Life and HSBC Holdings also among the big fallers.


Flexibility factor

In an article entitled, Move to phone support to cut distribution costs, it was suggested that Axa Wint-erthur is considering downscaling face-to-face support for advisers in favour of increased telephone support. Axa Winterthur has built its business around a consultative approach to dist-ribution, supporting advi-sers with our team of prof-essional business develop-ment managers and a […]

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White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


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