Markets
London - The FTSE 100 fell 32.11 points to close at 5,302.99 on Friday, ending its biggest weekly fall in almost three months. The U.S. president’s proposals to curb the banks hit financials, while energy stocks fell on lower crude prices. This morning the blue chip index is 1.22 points higher at 5,304.21.

Posted: January 25th, 2010 under Asset Management.
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Markets
London - The FTSE 100 gained 18.75 points to close at 5,513.14 yesterday. Cadbury was on the biggest risers on the London Stock Exchange after its firm accepted a takeover bid from US group Kraft Foods. Shares in Cadbury ended up 29 points or 3.6% to 836.50 pence, just below the 840p that Kraft is due to pay. This morning the FTSE has fallen 13.4 points to 5,499.74.

Posted: January 20th, 2010 under Asset Management.
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Markets
London - The FTSE 100 gained 39.02 points to close at 5,494.39 yesterday. Mining stocks were among the biggest risers, with Eurasian Natural Resources leading the way, up 3.9%. Cadbury rose 1.8% on expectations Kraft will increase its takeover bid. On the downside, International Power dropped 3.4% after talks ended over a possible tie-up with France’s GDF-Suez. This morning the FTSE is 29.62 points lower 5464.77. SABMiller leads the fallers after its third quarter figures disappointed. In contrast, Burberry tops the risers, up 4.8%, after its third quarter results topped forecasts. Cadbury gains 3.4% after Kraft Foods Inc confirmed it was finalising a recommended offer with the U.K. confectioner.

Posted: January 19th, 2010 under AML Information.
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Markets
London - UK stocks closed lower on Friday, echoing falls on Wall Street after disappointing US data weighed on sentiment with miners and banks the heaviest fallers. The FTSE100 closed 42.83 points lower at 5455.37. Bank stocks fell, as JPMorgan Chase reported deep fourth quarter losses on mortgage and credit card loans.

Posted: January 18th, 2010 under Asset Management.
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Markets
London - The FTSE 100 gained 24.72 points to close at 5,498.20 yesterday. Mining stocks were big gainers, with Xstrata adding 4% and Antofagasta up 3.1%. Other risers included building materials firm Wolseley, up 2.9%. Despite strong results, Home retail Group, owner of Argos, saw its shares fall 6.2%, while fellow retailer Marks and Spencer dropped 3.3%. The FTSE is 4.95 points higher at 5503.15 this morning.

Posted: January 15th, 2010 under Asset Management.
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