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Thursday Closing Market: FTSE stands still on fresh oil price spike

17:29 | 21 Aug 2008 | By Dylan Lobo

The FTSE 100 endured a tepid session following yesterday’s 1% rise as a fresh spike in oil prices weighed on sentiment.

Skandia says 35% more people will pay 'stealth' CGT

15:39 | 21 Aug 2008 | By Michelle McGagh

Skandia says that the capital gains tax reform will mean 90,000 extra people will pay the tax this year.

Zurich adviser research defies bond sales drop-off

14:05 | 21 Aug 2008 | By Edward Lander

Zurich research says that advisers have looked beyond the recent capital gains tax changes that have hit bond sales this year.

Lunchtime Market: Miners and oil lift FTSE near par

14:05 | 21 Aug 2008 | By Colin McClelland, Tony Bonsignore

The FTSE 100 index had pared most of its early losses by Thursday lunchtime, boosted yet again by miners and oil stocks.

Schroder Income Maximiser drops call strategy in hunt for capital growth

13:19 | 21 Aug 2008 | By Matthew Goodburn

The high volatility in the first half of the year and strong dividend yield of the portfolio has meant Schroder's Income Maximiser fund has no covered calls in place for the first time since its November 2005 launch.

Novia calls for industry push towards re-reg

13:07 | 21 Aug 2008 | By Michelle McGagh

If platforms can offer re-registration on to a platform then they can offer transfers off of the platform, says Richard Denning of Novia, backing the New Model Adviser® re-registration campaign.

Flemings to make multi-manager platform CGT friendly after 14% profits jump

13:06 | 21 Aug 2008 | By Dylan Lobo

Fleming Family & Partners (FF&P) has posted a 14% jump in profits and is reviewing its multi-manager services following the changes to the UK capital gains tax regime.

ID theft prompts threesixty anti-fraud guide for IFAs

12:29 | 21 Aug 2008 | By Richard Harris

Support services provider threesixty has introduced a template security policy to help IFAs tackle fraudsters in the wake of a number of identity fraud cases that have prompted the Financial Services Authority to bump security up its priority list.

FSA fines 5 car dealers £175,000 over PPI

11:42 | 21 Aug 2008 | By Colin McClelland

The Financial Services Authority has fined five car dealerships more than £175,000 in total for putting more than 2,000 customers at risk of buying unsuitable payment protection insurance, but it gave them a 30% discount for co-operating.

Thursday Morning Market Update: Unexpected jump in retail sales lightens the gloom

10:05 | 21 Aug 2008 | By Phil Cozens

Store shares recover, housebuilders move ahead after 'as expected' Persimmon results but banks remain in the doldrums.

Axa and Barclays back B&B rights issue

09:42 | 21 Aug 2008 | By Edward Lander

Insititutional investors Axa and Barclays have taken advantage of a rights issue at Bradford & Bingley that was shunned by 72% of shareholders.

Morning Eyecatchers: Broker Roundup: Investec negative on Stagecoach

09:31 | 21 Aug 2008 | By Phil Cozens

Brokers positive on Persimmon and Collins Stewart favours Cable & Wireless.

Group Sipps 'set to come into their own'

09:30 | 21 Aug 2008 | By Maryrose Fison

The group Sipp market will grow as employees find ways to comply with company shareholding requirements, says financial consultant Watson Wyatt.

Will climate change legislation boost SRI firms?

09:30 | 21 Aug 2008 | By Maryrose Fison

Will green laws make SRI companies more attractive – as asset manager Morley claims?

Sustainable investment 'can protect against risk'

09:30 | 21 Aug 2008 | By Michelle McGagh

Advisers must embrace green as a future-proof investment strategy, says Henry Boucher of Sarasin & Partners.

Personal accounts 'may kill off some small businesses'

09:30 | 21 Aug 2008 | By Maryrose Fison

Personal accounts could be a disaster waiting to happen that will finish off small companies struggling in the economic meltdown

Persimmon posts 64% fall in profits but shares gain

09:26 | 21 Aug 2008 | By Tony Bonsignore

House builder Persimmon recorded pre-tax profits of £100.9 million in the first half of 2008 - down from £281 million from the same period last year.

Morning Eyecatchers: Persimmon H1 profits slump 64%; dividend slashed

08:25 | 21 Aug 2008 | By Phil Cozens

Fortis to sell ABN Amro TEDA share to Old Mutual, Amlin H1 profits tumble 26% and DM hits record first-half profits and in ongoing talks that may lead to an offer.

Thursday Papers: Manufacturers' output hopes slump -- other news

07:21 | 21 Aug 2008 | By Phil Cozens

Dow rallies 69 points and relief for Bank as wage rises slide to five-year low.

Thursday Papers: Lehman fails to sell 50% stake to Asian parties -- bid news and gossip

07:09 | 21 Aug 2008 | By Phil Cozens

Cinven pulls out of auction for Elan division and Stanhill trumps Xstrata bid for IndoPhil.

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