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Moneysupermarket hit by Barclays’ exit

Moneysupermarket.com says Barclays’ decision to stop new second-charge business will hit its own sales by around £7m. Barclays says 300 staff will be affected by its decision.

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Market dips into bear territory

The UK officially dipped into a bear market this week after the FTSE 100 index declined by more than 20 per cent since its peak last autumn.

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In the context of June’s steep market falls, including a 10 per cent drop in the FTSE All Share index, the well-worn adage “sell in May and go away” looked like sound advice.

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