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UK, US and European stock markets are all lower today after US inflation rose and investors start to take some profits.
London’s FTSE 100 fell 0.6% to as at 3:30 this afternoon, whilst the main European markets of France and Germany have also experienced falls today.
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.
I was recently asked by a sceptical friend to give a good reason why she should make a Will. I answered that, in fact, I could give her 216 reasons.
216 is the number of beneficiaries who recently inherited a moderately valued estate of £250,000; where some received cheques for as little as £3.76
The 2013 Annual Budget Statement painted a somewhat bleak economic picture, alleviated by a few crowd-pleasing bright spots. Chancellor of the Exchequer George Osborne cut the predicted level of growth in the UK during 2013 from 1.2% to 0.6%.
A recent vote organised by MEP Sven Giegold, named and shamed financial products that consumers felt were the most dangerous consumers and the environment.
One of the culprits was Food speculation funds. This type of investment topped the table for financial products that were most likely to harm the environment.
Andrew and Linda had over many years accumulated a portfolio of investments for capital growth purposes. The portfolio was £200,000 in size. Their objective was to obtain capital growth on the portfolio.
Can Bristol become the green capital of the uk
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