The trading day begins with statements issued at the opening of the Regulatory News Service at 0700.
With 10 minutes to go before the full market opens, the home owners financial loss insurance florida auction commences.
Traders place orders in the auction in preparation for the start of the main market at 0800.
At exactly 0800, the market […]
Muslim families in receipt of Child Trust Fund vouchers are currently unable to use them as the available accounts do not comply with Sharia law.
Islamic law forbids all forms of financial interest and has strict rules about the kind of products Muslims can invest in.
And if the industry does not respond to the demand, in […]
Online retailing in the UK has grown at its fastest rate since the dotcom bubble burst, a survey has claimed.
The amount of money spent by consumers shopping online increased by 33.4% to 10.9bn last year, retail analysts Verdict Research said.
Verdict also sees online sales almost tripling over the next five years.
The research group said […]
China’s CITIC Bank has raised $5.4bn (2.7bn) through a dual share sale in Shanghai and Hong Kong, valuing the group at $28.9bn.
CITIC priced its shares at the top end of forecasts, making it the world’s biggest initial public offering (IPO) so far in 2007.
The Commercial Bank of China last year raised $21.9bn in a […]
Wal-Mart is embroiled in a legal dispute over the smiley face image which it wants to trademark in the US.
A Frenchman who claims to have invented the yellow smiley face back in 1968 is opposing the US retail giant’s move.
For some, the image is a reminder of 1970s counter-culture, for others, a useful shorthand when […]
They say if the government won’t compromise they may strike.
Do you think public sector workers should keep the right to draw their full pension at 60?
Or does growing life expectancy mean that they should agree to work longer?
If the pension is not changed, should the cost be paid for by higher taxes or higher contributions […]
Budget airline Ryanair has been cleared of misleading travellers about the price of flying with rival Buzz, jurors at Chelmsford Crown Court have heard.
Its internet advertising claimed some Buzz flights cost more than they did, Essex trading standards said.
But a judge ruled that 10 allegations that the airline exaggerated the cost of the flights on […]
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The government has been urged to rethink its plans to protect the pensions of UK workers.
The government had proposed that an insurance scheme - funded by employers - should pay the pensions of workers when their employees go bust.
But the employers’ organisation, the CBI, argues that the […]
Source: News - Swiss Re to buy GE insurance firm
Reinsurer Swiss Re has agreed to pay $6.8bn (4bn) for the insurance unit of industrial giant General Electric.
Swiss Re will sell $7.5bn of new shares to finance the acquisition and cover the debts of GE Insurance Solutions.
Buying the firm will turn Swiss Re into […]
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Royal & Sun Alliance (RSA) staff have accepted a new, cheaper retirement plan that will cut the firm’s pensions deficit by nearly a quarter.
The UK insurer has switched to a cheaper pension scheme based on average career earnings rather than a person’s final salary.
Royal & Sun said this […]