Economics / Markets

Investors need fund managers that aim to grow income over time rather than chase high yields at any cost, says Meera Patel

In London, markets climbed again in early trade, with the FTSE100 up 27.17 points (0.67%) to 4,080.15.

The FTSE 100 climbs 10.68 points (0.27%) this morning to 3979.08, led by the Government's bailed-out banks.

The Dow opened at 7,915 points, down five from yesterday's close, and fell to 7,870 before rallying to 7,905 by around 9.30am Eastern Central Time.

The FTSE 100 has dropped more than 13 points (0.35%) this morning to 3,975.18 after financials and property companies dragged the index.

London markets slid further as Wall Street opened for business, with the FTSE100 down 23.14 points (0.58%) to 3,960.57.

London shares climbed in early trading, with the FTSE100 index up 12.79 points (0.32%) to 3,996.5.

Barclays leads a strong start for banks on the FTSE on Thursday amid reports it is on the verge of closing the £3bn sale of its iShares business.

The Dow Jones was up in early trading on Wednesday, adding 50.73 points (0.65%) to 7,840 shortly before 10am local time.

Financials were among the biggest losers as the FTSE 100 slumped this afternoon, driving the index down by 74.58 points (1.87%) to 3,918.96.