Markets
London - The FTSE 100 rose 29.09 points to 5,673.63 this morning. Miners added the most points to the index as metal prices rebounded, having been hit by worries that monetary tightening in China and India could weigh on global demand. Eurasian Natural Resources, Lonmin, Rio Tinto and Vedanta Resources gained 2.4 to 3.8 percent. Cairn Energy was the top FTSE 100 gainer, up 8 percent to a year high after the oil explorer accompanied full-year results with upbeat comments on its operations in India and Greenland, prompting BofA Merrill Lynch to hike its net asset value. Banks bounced back from Monday’s losses, when fears resurfaced over the debt situations in Greece and Dubai. Barclays, Standard Chartered, Royal Bank of Scotland and Lloyds Banking Group up 0.6 to 3.1 percent. This morning the index is 8.35 points higher at 5,681.98.

Posted: March 24th, 2010 under Asset Management.
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Markets
London - The FTSE 100 slipped 5.58 points to 5,644.54 yesterday. Royal Dutch Shell paced energy companies lower after agreeing to take over Australia’s Arrow Energy. ICAP dropped 2.6% after the broker shuttered its full service cash equities operation. Wolseley slid 2.1% after saying it may opt to sell units that generated £2.7bn in sales last year if they fail to improve earnings. This morning the index rallies 40.48 points to 5,685.02.

Posted: March 23rd, 2010 under Asset Management.
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Markets
London - The FTSE 100 gained 7.51 points to close at 5,650.13 on Friday, extending a 20 month high after shares of Lloyds Banking Group soared, offsetting India’s decision raise rates. Lloyds jumped 8.2% after Britain’s largest mortgage lender forecast a return to profit this year. Rival RBS rallied 4.8%. The blue chip index is 31.73 points lower at 5,618.39 this morning.

Posted: March 22nd, 2010 under Asset Management.
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Markets
London - The FTSE 100 slipped 2.01 points to 5,642.62 after a sell-off in bank stocks offset a rally in GlaxoSmithKline. RBS lost more than 3% as the biggest government controlled bank warned a £2.9billion pension deficit may rise. Banks also fell as Citigroup downgraded global financial shares. Glaxo jumped the most since June after Novartis gave up US rights to a potential rival to its best-selling drug.

Posted: March 19th, 2010 under Asset Management.
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Markets
London - UK stocks closed at a 21 month high on Wednesday, as investors welcomed the Federal Reserve’s pledge to hold down US interest rates and metals prices rose. The FTSE100 closed 24.20 points at 5644.63, its highest close since late June 2008, after the Fed held US benchmark rates near zero and maintained its pledge to keep them low for an extended period.

Posted: March 18th, 2010 under Asset Management.
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