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19 November 2008:

UK markets open easier, Wall Street's late rally overshadowed by further nervousness in the Far East.

By 8.30am the FTSE 100 index was down 40 points at 4,169 with ex-dividends in Cable & Wireless, Carnival, HSBC, Sainsbury, Thomson Reuters and Vodafone accounting for over 12 Footsie points.

The Mid-250 index trailed 18 points lower at 5,908.

Experian was an early riser at 335.25pp, up 30p after revealing better-than-expected profits and a 4% dividend increase, prompting a rating upgrade to hold from sell from Seymour Pierce.

Banks and financials presented a brighter picture with Lloyds TSB up 5.8p to 137p, HBOS up 7.3p to 70.3p and ICAP another 8.5p better at 238.5p, but continuing shareholder anger on the Middle East capital raising moves left Barclays languishing at 146.3p, down 4.2p.

Among mixed oil and mining sectors Lonmin, rallied 29p to 852p and Cairn Energy was 39p higher at £15.29., but Xstrata lost 40p to 760p,  Rio Tinto 63p to £24.05 and Royal Dutch Shell 25p to £16.68.

Reports that BHP Billiton was considering hiving off its iron ore assets did little for the share price, at 861p, off 20p.

Prominent firm spots included Admiral Group at £10.76, Man Group 214p, Invensys 132.6p and Next 957p, between 3.3p and 17p firmer.

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Welcome to LAfinancial's new website which has been redesigned to more accurately reflect the nature of our business

Links:

- Lester Aldridge
- IFA Promotions
- MoneyFacts
- Financial Times

Version: 1.0
(June 2007)

Welcome to LAfinancial

Southern Financial Services Ltd t/a LAfinancial was established in 1995 to work with individual and corporate clients across the UK

We are independent financial advisers partly owned by the equity partners of Lester Aldridge Solicitors. We are primarily a fee-based practice based in Bournemouth and Southampton. We offer a free, no-obligation initial meeting.

LAfinancial is directly regulated by the Financial Services Authority, our registration number is 174623.

Treating Customers Fairly

This commitment is taken very seriously and we endeavour to ensure that our clients receive the best possible service, not only at outset but on an ongoing basis. This is why a large number of our clients have been with us for many years.

Our financial planners will work closely with you to devise a clear plan for the future and, where necessary, will liaise with your other professional advisers, such as your accountant and solicitor, ensuring bespoke solutions to meet your needs.

Regular review meetings will be agreed at outset to monitor and assess progress.

 

Southern Financial Services Ltd is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register). FSA Registration No: 174623

The Financial Services Authority does not regulate National Savings or some forms of mortgage, tax planning, offshore investments or school fees planning.

The information contained within this site is subject to the UK regulation regime and is therefore targeted at consumers based in the UK only.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.

Southern Financial Services Ltd
Registered Address:
Russell House
Oxford Road
Bournemouth
Dorset
BH8 8EX
Registered in England & Wales, No. 3058638

Neither Southern Financial Services Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.