While 2000 was a poor period for equity markets in general, the UK financial sector had a good year ...
While 2000 was a poor period for equity markets in general, the UK financial sector had a good year with banks up 33.63% compared to a fall in the FTSE All-Share of 6.7% over the 12 months to 17 January. UK insurance companies also posted positive results, rising 30.9%, while the FTSE Speciality and Other Finance index, which lists asset management houses such as Schroders and Amvescap, rose by 25.5%. But Royal & SunAlliance pan-European bank analyst Mike Stubbs believes 2000 was very much a year of two halves for financials, even though overall stock performance was good. He says: "In t...
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