Initial losses followed by recovery
The FTSE 100 has rallied after a difficult opening to trading this morning. At 1300, the stock market was 31.13 points up at 4849.90.
Earlier, shares fell by approximately 140 points following uncertainty over the US government’s $700bn bail out plan.
Congress has yet to agree on a financial package that is aimed to restore confidence in the paralysed US banking system.
Bank shares in the UK were affected with HBOS shares losing almost 20% of their value, falling to 114.40p before recovering to 125.90p at the time of writing.
Shares in RBS also fell sharply during early trading, losing almost 12% in value before reaching 169p at the time of writing, a fall of 6.6% from the start of the day.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
