RUMOURS yesterday that a life office was selling shares blind in order to meet solvency rules was ju...
RUMOURS yesterday that a life office was selling shares blind in order to meet solvency rules was just one of the reasons the market fell below the 3,300 level in one of its biggest one-day losses of the past year, the FT says. Meanwhile, Germany's stock market losses since the peak in 2000 hit 73%, the same amount lost in the great Crash of 1929, and indicative of the problems facing equity investors in London. The stock market's dividend yield is now above gilts for the first time since 1957, the paper adds. Yesterday the FSA wrote to some 250 life offices encouraging...
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