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Monday Closing Market: Commodities and retailers drive FTSE higher

17:00 | 12 May 2008 | By Matthew Goodburn

The FTSE 100 closed almost 16 points ahead on Monday, driven by surging commodities and a positive start across the Atlantic.

JPMorgan enters infrastructure story through fund launch

15:51 | 12 May 2008 | By Sara Smith

JPMorgan Asset Management (JPMAM) is the latest group to tap into the infrastructure story.

Education, education, education: let’s teach the young about money

14:57 | 12 May 2008 | By Phil Melville

Your graduate son might know all about Wittgenstein. But does he know how to write a cheque?

Strong euro squeezes foreign holiday home owners

14:34 | 12 May 2008 | By Lorna Bourke

The strength of the euro against sterling is beginning to hurt homebuyers with a property in Europe who bought with a euro mortgage.

Putin's smooth handover keeps Russia on right track, says Barings' Leil-Cooper

14:13 | 12 May 2008 | By Philip Haddon

Baring's AA-rated eastern Europe specialist expects the Russian economy to continue motoring ahead partly as a result of the Chinese demand story and a smooth presidential handover.

Monday Lunchtime Market: FTSE 100 ahead as retailers turn upbeat

14:00 | 12 May 2008 | By Nicholas Paler

Rumours of a takeover coupled with the prospects for UK firms overseas helped push the FTSE 100 higher by lunchtime.

Morning Line: Banks suggest they are through the worst

13:44 | 12 May 2008 | By Tony Bonsignore

HSBC and Barclays set to report better than expected writedowns.

WAY Group hooks up with Husselbee for cautious managed fund

13:37 | 12 May 2008 | By David Campbell

The WAY Group has launched a cautious managed fund to be managed on its behalf by John Husselbee of North Investment Partners.

Investment fund retail sales slump by £3 billion

13:36 | 12 May 2008 | By Dylan Lobo

Net retail sales of investment funds feel by £3 billion year-on-year in the first quarter.  

Northern Rock lowers debt but mortgage arrears rise

13:27 | 12 May 2008 | By Iain Martin

Northern Rock has lowered the amount owing to the Bank of England to £24.1 billion from £26.9 billion even though the number of mortgages slipping into arrears has increased. 

HSBC takes $2.6 billion hit, shares up 2%

12:00 | 12 May 2008 | By Matthew Goodburn

Banking giant HSBC provided investors with some relief on Monday morning by reporting resilient first quarter trading and a better than feared credit crunch related writedown.

Long-term care needs £6 billion, says Brown

11:53 | 12 May 2008 | By Edward Lander

The prime minister has launched a consultation on Britain's care system, asserting it faces a £6 billion shortfall in 20 years  unless radical changes are made.

Centrica up despite warning on higher fuel prices

11:50 | 12 May 2008 | By Nicholas Paler

British Gas owner Centrica was up over 2%  this morning despite announcing profits were under pressure because of high wholesale gas prices.

New Star to merge underperforming Japan and US funds

10:46 | 12 May 2008 | By Matthew Goodburn

New Star Asset Management is merging its underperforming Japan and North American funds into its Pacific Growth and American fund of funds portfolio respectively.

Lib Dem Clegg calls for City tax clampdown

10:41 | 12 May 2008 | By Michelle McGagh

In a speech today leader of the Liberal Democrats Nick Clegg will call for stricter legislation to close tax loopholes that make London accountancy rules look like ‘a Swiss cheese’.

Openwork and Octopus team up for triple multi-asset fund launch

10:31 | 12 May 2008 | By Dylan Lobo

Openwork and Octopus haved teamed up to launch three multi-asset funds later this year.  

House prices better to keep strength, poll finds

10:29 | 12 May 2008 | By Iain Martin

Nearly half of those surveyed in a recent poll want house prices to maintain their strength while more than a quarter told market research company ICM they would welcome more falls. 

Reader Survey: Advisers yet to be convinced on return to property

10:09 | 12 May 2008 | By David Campbell

Judging by this May's Citywire reader survey advisers, such as Rowan Financial Tim Cockerill (above), seem to have missed the memo which recently circulated among property managers informing them that the market has hit the floor.

The Daily Interview: Schroders' multi-manager head buys into financial bonds

10:04 | 12 May 2008 | By Nicholas Paler

Schroders’ Citywire A-rated fund of funds head Andrew Yeadon (pictured) has been exploiting the recapitalisation of the banking sector by buying financial bonds.

Monday Morning Market Update: HSBC cheers up banking sector

10:00 | 12 May 2008 | By Phil Cozens

April producer prices soar to record highs.

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