Markets
London - UK stocks fell on Friday to close below 4,000 for the first time in three months, led by commodity stocks and banks on concerns that the global recession is deepening. The FTSE100 closed 129.31 points lower at 3889.06. Oil and gas producers took the most points off the index, as crude prices fell on deteriorating global economic outlook.

Posted: February 23rd, 2009 under Asset Management.
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Markets
London - UK stocks closed higher on Thursday after a roller coaster rise, with rallies by oils, miners and banks offsetting falls by drug stocks and mixed company results. The FTSE100 closed 11.54 points higher at 4018.37

Posted: February 20th, 2009 under Asset Management.
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Markets
London - In London the FTSE100 closed lower on Wednesday, down for its fifth straight session, as energy stocks fell on depressed oil prices, while financials took a further beating and weak data weighed. The FTSE 100 closed down 27.30 points at 4,006.83.

Posted: February 19th, 2009 under Asset Management.
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Markets
London - The FTSE 100 is currently 18.77 points higher at 4,052.90. Liberty International leads the risers up 3.2% followed by ICAP which gains 2.4%. Hammerson and Schroders top the fallers’ board, down 5.2% and 3.1% respectively, after going ex-dividend. Standard Chartered loses 2.5% after ING started coverage on the stock with a rating of “Sell”. Aviva loses 0.4% after Cazenove cut its rating on the company to “In Line” from “Outperform”.

Posted: February 18th, 2009 under Asset Management.
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Markets
London - The FTSE 100 is 34.92 points lower at 4,099.83 this morning. Land Securities slides 4.4% after confirming discussions over the “merits” of a new rights issue. The move follows competitors British Land, which is hoping to secure £740 million, and Hammerson, which last week said it is aiming to raise £584.2 million. Legal & General reverses yesterdays decline, climbing almost 12%, after saying it will double its credit default reserves to £1.2 billion. The insurer also said it will maintain its 2008 dividend, although it is likely to decrease the growth rate of its dividend policy. Intercontinental Hotels adds 0.5% after meeting 2008 profit forecasts.

Posted: February 17th, 2009 under Asset Management.
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