Economics / Markets

TRADITIONAL bond funds will struggle in the prevailing monetary and economic conditions, Collins Stewart has warned.

The FTSE 100 has ended the day down 72.1 points, or 1.16%, to 6,161.2, with financial stocks among the biggest losers.

The FTSE 100 is down 14.5 points, or 0.23%, to 6,218.8 in early trading, as confidence has been hit by news SABmiller has lost a contract which could knock $80m off next year's earnings.

The FTSE 100 index fell 11.90 points, or 0.2%, to 6,233 points today after continuing concerns about the sub-prime mortgage lenders sector caused a poor start on Wall Street.

The FTSE 100 is up 23.7 points, or 0.38%, to 6,268.9 in early trading, as take-over news continues to push stocks higher.

The FTSE 100 has ended the session up 17.5 points, or 0.28%, to 2, following reports of a bid approach for chemist Alliance Boots.

The FTSE 100 is down 27 points, or 0.43%, to 6,200.73 in early trading as a bout of profit taking among mining stocks has pulled the index lower.

F&C is introducing an asset allocation fund to the UK market as it kick-starts a three-year initiative to offer more specialist and higher fee products.

The FTSE 100 has ended the session up 71.2 points, or 1.16%, to 6,227.7, as rising copper prices kept miners moving higher.

The FTSE 100 is up 41.9 points or 0.68% to 6,198.4 in early trading, as mining stocks increased as copper prices rose in Asia.