US base rate freeze fears unnerve investors

Professional Adviser
clock

Technology stocks look set to end the week with losses having climbed in value this week thanks t...

Technology stocks look set to end the week with losses having climbed in value this week thanks to a clutch of redundancy notices on both sides of the Atlantic. The Footsie opened lower as a result of the Nasdaq's third decline in four days. The FTSE was 45.6 points down at 5918.4 with ARM 41.5p lower at 351.5p, Logica 40p to 900p, Marconi 20p to 373p, Energis 16.5p to 300p and Colt Telecom 69p to 829p. Prudential gained 8.5p to 854.5p after dropping out of the bidding for American General and collecting a $600m bonus for doing so. Its decision leaves the way open for American Internatio...

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 •