FTSE

SVM's Hugh Cuthbert has more than doubled his exposure to banks in his Continental European fund this year as the sector has proved resilient in the face of regulatory threats.

The FTSE continued to fall in early trade, down 0.34% to 5138.51, following yesterday's massive sell-off in global shares on escalating fears about the economic recovery.

The FTSE 100 opened up 0.18% or 9.37 points to 5,204.65 boosted by bid activity in the financial sector.

Jupiter star manager Philip Gibbs will need to generate a higher return to obtain a performance fee this year after being forced to change the benchmark on his International Financials fund.

Britain's leading share index has fallen back into the red after enjoying modest gains in early Thursday trading.

Miners dragged on the FTSE 100 opening this morning following BHP Billiton's $40bn hostile takeover bid for Canadian group Potash Corp.

Which major index has been able to generate a return for investors since the beginning of the credit crunch?

The FTSE 100 opened in positive territory as strong results from majority-nationalised bank RBS crowned off a largely impressive results week for the UK banking sector.

The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.

London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.