Markets
London - The Footsie closed 11.7 points ahead at 5529.9 on Friday, despite another wobbly start on Wall Street following a 3% fall for the Dow Jones Industrial Average in the previous session. US and UK markets suffered badly on Thursday on lingering inflation concerns and fears over the economic outlook amid rising commodity prices. Official figures on Friday also showed UK growth at 0.3% in the first quarter of 2008 - lower than first thought - renewing fears of a recession.

Posted: June 30th, 2008 under Asset Management.
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Markets
London - The FTSE 100 Index fell 2.6% yesterday after investors were spooked by a sudden spike in oil prices and fears over inflation in the UK and US. Comments from cartel OPEC that oil could reach $170 a barrel this summer combined with fresh concerns over inflation from the Bank of England and the US Federal Reserve in a miserable session for blue-chips. The London market eventually closed 147.9 points down at 5518.2 - the lowest since March - wiping £35bn from blue-chip stocks.

Posted: June 27th, 2008 under Asset Management.
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Markets
London - UK stocks ended 0.6 percent lower on Wednesday as losses at food and drug retailers and energy groups outweighed gains in banks ahead of a rate decision by the US Federal Reserve. The FTSE100 closed 32.5 points lower at 5634.7.

Posted: June 26th, 2008 under Asset Management.
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Markets
London - The London market closed in the red yesterday after a volatile session amid concerns over the housing market and political tension between Israel and Iran. The FTSE 100 closed 32.5 points down at 5634.7, although a late bounce-back from the banking sector helped the Footsie claw back a 1.3% drop in mid-session trading on rumours of a strike on Iran’s nuclear sites. The speculation was later denied, but compounded a poor day for London’s leading share index, with worrying lending figures from the British Bankers’ Association starting the market on the back foot.

Posted: June 25th, 2008 under Asset Management.
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The Companies Act 2006 introduced some significant changes to the law relating to directors’ long term service contracts. The changes included the following:

Shareholder approval is now required for service contracts in excess of two years (as opposed to five years).
Shareholders have the [...]

Posted: June 25th, 2008 under Corporate Finance.
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