CGNU paces modest Footsie rise

Professional Adviser
clock

The FTSE 100 failed to hold onto its afternoon high but still finished in positive territory. T...

The FTSE 100 failed to hold onto its afternoon high but still finished in positive territory. The index finished 10.7 points higher to 5149.2. Insurer CGNU led the FTSE 100 gainers after it reported that sales increased to £739.7m in the three months ended Dec. 31 from £593.5m in the year-ago period. The stock advanced 37p to 873p. Leading the FTSE 100 losers was Hilton Group after its stock fell 9p to 218p. Over in the US, news that retailer Kmart has filed for bankruptcy protection depressed the market. On the upside Online retailer Amazon recorded its first ever net pro...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •