The FTSE 100 index dropped almost 20 points before recovering to its opening 3,590.10 points level i...
The FTSE 100 index dropped almost 20 points before recovering to its opening 3,590.10 points level in the first hour of trading as investors continued selling insurance stocks ahead of US secretary of state Colin Powell's address to the UN later today. Powell says he will present evidence if Iraqi weapons of mass destruction in contravention of resolutions demanding the disarmament. Insurance stocks are still smarting from yesterday's news that American International, usually considered to be on top of its game as an insurer, has had to take a surprise hit to earnings to boost...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
