EUROPE - European stock exchange indices observed a minute's silence at 2:45pm (CET) today in response to the attack on the World Trade Center in New York by two hijacked planes. The London Stock Exchange, London International Financial Futures and Options Exchange (LIFFE), Euronext, FTSE group client services desks, Deutsche Borse and other indices asked market participants not to trade for a minute at 2:45pm.
The London Stock Exchange said it is speaking to member firms with close ties to the US to see how it may be able to assist them following yesterday's tragedy. The exchange added it is not currently offering quotes in US stocks.
By Janet Du Chenne
Asset managers failing to 'fulfil purpose'; Industry needs focus on systemic risk and a 'do no harm' Hippocratic Oath for practitioners
The asset management industry is failing to fulfil its purpose because of an overreliance on modern portfolio theory, which has not evolved to meet current challenges, latest research claims.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.