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Archive for July, 2008

Discrimination by association

The recent European Court of Justice (ECJ) decision of Coleman -v- Attridge Law has been widely reported as winning significant new rights for carers. However the situation may not be as clear as that.
The case
Ms Coleman claimed ‘discrimination by association’ in that she alleged that she had suffered less favourable treatment and harassment as a [...]

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DAILY STOCKMARKET REPORT 24 July 2008

Markets
London - Booming financial stocks amid takeover speculation and hopes the worst of the credit crunch may be over helped the FTSE 100 Index power ahead yesterday. With the wider market also enjoying an improvement in upbeat trading, the FTSE 100 Index closed up 85.8 points at 5449.9. Banks were the main beneficiaries thanks to rumours of possible bid interest for HBOS from Spain’s BBVA.

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DAILY STOCKMARKET REPORT 23 July 2008

Markets

London - Mobile phone giant Vodafone weighed the London market down into the red yesterday after shaking investors with disappointing revenue forecasts. The heavyweight stock fell almost 14% during a sell off, knocking around 45 points off the FTSE 100 Index. It was responsible for dragging the Footsie back down into bear market territory, with the index closing down 40.2 points at 5364.1.

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DAILY STOCKMARKET REPORT 22 JULY 2008

Markets

London - The London market held firm in positive territory yesterday for the third session running as soaring commodity prices and more cheer in the US banking sector boosted blue chips. The FTSE 100 Index closed 27.9 points higher at 5404.3 as better-than-expected earnings data from Bank of America kept bank stocks on the boil. Miners also littered the risers board on higher commodity prices, although it was another mixed session for the Footsie.

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DAILY STOCKMARKET REPORT 21 July 2008

Markets
London - The FTSE 100 Index powered 1.7% ahead for a second day of strong gains after a dramatic U-turn on relief over Citigroup’s first quarter figures. London’s blue chips extended the 2.5% rally seen Thursday after a turbulent week, which had seen the Footsie plunge to three-year lows before recovering over the past two days. Better-than-expected results from Wall Street banking giant Citigroup helped continue the bounce back from banking shares, which drove the FTSE 100 90.1 points higher to close at 5376.4.

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