Life companies still vulnerable despite share rally
Companies in the life insurance sector will continue to be vulnerable to further market shocks in the aftermath of the Brexit vote despite a rally in shares, research has shown.
Companies in the life insurance sector will continue to be vulnerable to further market shocks in the aftermath of the Brexit vote despite a rally in shares, research has shown.
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The FTSE 100 put on another 2% in morning trading on Wednesday following yesterday’s 2.6% climb.
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Chin-up, dear investor. Brexit has not necessarily been the disaster for the FTSE as was predicted, and could actually be a great opportunity for UK-facing active managers.
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The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
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Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
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The FTSE 100 has begun the day in very volatile fashion as the United Kingdom votes on whether to remain in the European Union or leave.
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The FTSE 100 climbed 2.6% by mid-morning on Monday following the release of remain-friendly referendum polls over the weekend.
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The FTSE 100 experienced a respite in the Brexit inspired sell-off and recovered some of its recent lost ground this morning.
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Markets are ending the week on a positive note as the FTSE 100 climbed close to 1% in morning trading.
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The Organisation for Economic Co-operation and Development has issued a fresh warning on the prospect of economic fallout if the United Kingdom votes to leave the European Union.
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Burberry Group shares slid over 5% this morning after the clothing and handbag maker reported a big drop in profits.
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Shares in Rolls-Royce fell nearly 5% on Thursday morning as the market greeted chief executive Warren East’s attempt at reassurance with a heavy dose of scepticism.
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