Articles in Category: Investments
The FTSE100 reached it highest level yesterday since May 2008. The increase was fuelled by investor looking to increase their exposure to Banks that are partly owned by the state and taxpayer.
In the light of recent market volatility, it's perhaps natural to be looking for ways to smooth out your portfolio's returns going forward.
Investment conditions were bullish for the last quarter of 2012. If you would like to find out more about current investment conditions, then why not download our latest bulletin here.
A report from the Financial Services authority on the Arch Cru Sales review revealed that over 100 IFA firms have already cancelled their permissions to transact business. It also estimated that an additional 100 firms will also close.
BlackRock has agreed in principle to purchase Barclays Global Investors (BGI) for £8.2 billion.
BlackRock, the US and international fund management group will buy BGI. , included within the BGI division is the Ishares exchange traded fund provider. A combination of cash and shares (£4billion and 37.8million shares in Black Rock) has been agreed within the deal. Barclays will hold just under 20% of Blackrock shares and a 4.9% voting stake.
BGI chief executive Blake Grossman will be vice chairman of the combined firm, while Barclays chief executive Jon Varley and president Bob Diamond will join BlackRock’s board of directors.
The acquisition is expected to take place towards the end of the year .
‘The combination of active and passive investment products will be unsurpassed, and will enhance our ability to offer comprehensive solutions and tailored portfolios to institutional and retail clients,’ said BlackRock chairman and chief executive Laurence Fink.