Markets
London - UK stocks rebounded on Friday, recouping part of the previous session’s sharp losses as banks rebounded on subsiding Dubai debt fears while firmer commodity prices aided miners and oils. The FTSE100 closed 51.60 points higher at 5245.73m having fell 3.2 percent on Thursday.

Posted: November 30th, 2009 under Asset Management.
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Markets
London - The FTSE 100 tumbled 170.68 points, or 3.2%, to 5,194.13 - its biggest daily fall since March - on a day when technical problems halted trading on the LSE for more than three hours. Again, banks were the biggest losers, led by HSBC which fell 4.8%. Shares in the London Stock Exchange itself sank 7.4%, while miners dropped in line with raw materials. Today the FTSE is 30.66 points lower at 5,163.47, although steadily moving higher. Lloyds is the biggest percentage faller, down almost 35%, after going ex-rights

Posted: November 27th, 2009 under Asset Management.
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Markets
London - The FTSE 100 rose 40.85 points to close at 5,364.81 this morning. Investors were buoyed by data showing the economy contracted less than first feared between July and September. Compass was the biggest riser, adding 6% after it reported a big rise in annual profits. This morning the FTSE has dropped 73.20 points to 5,291.61. Legal & General is one of the biggest fallers after Citigroup recommended selling shares in the company. Miners also weigh as metal prices fall. On a limited upside, United Utilities and Severn Trent dominate followings Ofwat’s decision to keep water prices mostly unchanged in the period from 2010-2015 against expectations of a decrease in bills.

Posted: November 26th, 2009 under Asset Management.
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Markets
London - The FTSE 100 fell 31.54 points to close at 5,323.96 yesterday after investor sentiment was hit by the US economic growth data. Royal Bank of Scotland was the biggest faller, ending down 4%. In contrast, rival lender Lloyds was the largest riser, up 2.6% after its rights issue, the biggest in UK history. This morning the FTSE adds 23.07 points, lifted by miners and a positive set of results and outlook from Compass Group. Man Group tops the fallers, down 3.6%, after going ex-dividend.

Posted: November 25th, 2009 under Asset Management.
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A recent decision of the Court of Appeal has potentially widened the circumstances in which an employer could be liable for the future losses of a dismissed employee.
An employment tribunal found that Abbey National plc had discriminated against Mr Chagger on grounds of race when they selected him for redundancy.
The Tribunal held that, despite ‘the [...]

Posted: November 24th, 2009 under Employment/HR.
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