Story by: Gemma Westacott, FTAdviser
Executive directors of UK banks have seen £49m knocked off the value of their own shares in the banks they work for so far this year.
The FTSE 100 index had plummeted in early morning trading following dramatic sell offs around the world, including more losses on Wall Street and a record one-day slump in Tokyo.
The FTSE 100 Index has rallied in early morning trading today (Thursday 9 October), surging almost 3 per cent to recover some of the previous session's hefty losses.
FundZone, Standard Life’s mutual fund supermarket, now has access to more than 1000 distinct funds, giving advisers a wider choice of top-rated funds in all the main asset classes.
Manager of the European Opportunities fund gets behind green energy and emerging market advertising stocks
The FTSE 100 Index made some recoveries by the close of trading today (8 October), after the Bank of England made an emergency cut in interest rates.
The FTSE 100 index reacted badly this morning (8 October) to the announcement that the government is to part-nationalise some UK banks and building societies.
The FTSE 100 Index ended the day relatively flat after banks, including Royal Bank of Scotland (RBS) and HBoS, registered significant falls.
The FTSE 100 Index opened higher this morning after yesterday's stock market panic wiped 7.8 per cent, equivalent to £93bn, off the values of the UK's leading shares.
The FTSE 100 index slumped 7.8 per cent today to reach 4,589.19 at the close of trading, without a single blue chip stock ending in positive territory.
Richard Buxton, head of UK equities for Schroders, speaks to Girlie Garduce about why he will maintain a cautious investment approach and the impact that the credit crunch is having
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Auguries of real disaster might not be indicated by the FTSE index but by the Libor rates
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