Markets
London - The FTSE 100 is currently 1.25 points higher at 5,138.97. WPP tops the risers’ board after pleasing investors with its third quarter trading update ad figures. Shares in the marketing company are 5% higher. Lloyds continues to rise, up 4.8%, after saying yesterday that any European Commission decisions on business divestments won’t be material to the bank.

Posted: October 30th, 2009 under Asset Management.
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Markets
London - The FTSE 100 is currently 2.66 points lower at 5,077.76. Royal Dutch Shell leads the index lower after reporting a 67.6% fall in adjusted third-quarter profit. Shares in the oil giant are currently more than 3% lower. Standard Life is also among the heaviest percentage losers, down 2%, after posting a 10% fall in new business sales for the third quarter

Posted: October 29th, 2009 under Asset Management.
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Markets
London - The FTSE 100 is currently 66.16 points to close at 5,134.81. Renewed selling hit London’s equity market on Wednesday after the unexpectedly-weak US consumer confidence data left Wall Street flat overnight. Prudential is among the financial sector losers in spite of beating market expectations with £2.02bn nine-month sales, as investors focused on the company’s outlook statement that said ”the economic environment will remain uncertain for a while”.

Posted: October 28th, 2009 under Asset Management.
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Markets

London - The FTSE 100 is currently 22.48 points higher at 5,213.22. BP leads the market higher, jumping 4.8%, after reporting third quarter earnings that beat estimates. Reed Elsevier follows after Exane BNP Paribas raised its rating on the stock to Outperform from Underperform, shares gain 3.2%. Financials lead the fallers list, with Royal Bank of Scotland down almost 5% and Lloyds Banking Group off 3.1%.

Posted: October 27th, 2009 under Asset Management.
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Markets
London - UK stocks closed higher on Friday, shrugging off a shock fall in UK GDP earlier in the day, and supported by strong earnings and economic news from the US. The FTSE100 closed 35.21 points higher at 5242.57, having touched a 13 month high of 5299.57 earlier in the session. Investors shrugged off news that the economy in the third quarter had contracted this year, quashing hopes the downturn was ending and instead marking the longest recession on record.

Posted: October 26th, 2009 under Asset Management.
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