Economics / Markets

Interest rate sensitive stocks were behind a fall in the FTSE this morning as minutes of the latest MPC meeting revealed policy makers voted five to four to keep rates unchanged.

F&C is to roll out an enhanced cash fund in response to increased investor appetite for higher-yielding cash vehicles.

PROGRESSIVE is set to announce the launch of Advance Frontier Markets Fund Limited.

Trading on the FTSE began and ended in tepid fashion, with the index finishing down 0.9 points, or 0.01%, on 6649.3.

The FTSE 100 climbed higher this morning due to optimism among financial services groups, and is up 32.3 points, or 0.49%, to 6682.5.

Shares in the FTSE 100 index fell today, down 53.3 points, or 0.8%, to 6650.2, after the UK's biggest retailer, Tesco, said it would have a "tough year".

The London markets experienced a mixed opening with the FTSE 100 up by 7.8 points, or 0.12%, to 6711.3.

The FTSE 100 ended the day down after strong performance last week, down 28.9 points, or 0.43%, to 6703.5.

The FTSE 100 has continued where it left off last week, when it made exceptional gains, and is up 17.9 points, or 0.27%, to 6750.3 in early trading.

The FTSE 100 ended the day near a seven-year high closing up 82.5 points, or 1.24%, to 6732.4.