CPP, the identity theft and credit card insurer that is under investigation by the Financial Services Authority (FSA) for certain issues surrounding the sale of its products in the UK, has launched a new product, causing shares to rocket on Thursday. Its identity protection product Identity Safe can now be bought on its website, and "provides consumers with a comprehensive range of assistance services to help customers detect, prevent and resolve identity fraud," the company said. [19 May '11]
Shares in Lamprell surged after the oil and gas engineer proposed the acquisition of United Arab Emirates-based firm Maritime Industrial Services (MIS) for a total consideration of $336.1m (£208.1m). [19 May '11]
It's been a rocky few months for shareholders and clients of F&C Asset Management. In February, the activist investor Sherborne won its long and fractious battle to oust F&C's previous chairman. In terms of valuation, F&C trades on a price-earnings ratio of about 10 times Peel Hunt's forecasts for 2011, a discount to the wider sector. Given the the firm's continued growth during its tricky period it might be tempting to buy in. However, we think Mr Bramson's review leaves uncertainty hanging over the stock, says the Independent, which recommends holding the shares. [4 May '11]
The blue-chip index moved into positive territory over the lunch time trading session as the Bank of England removed all doubt about its current focus on the health of the economy, rather than the inflation risk, and kept its key lending rate unchanged. [7 Apr '11]
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