The FTSE 100 index of leading UK company shares finished the week at 5,245.73, up 51.60 points or 0.99% on the day and down 5.68 points (-0.11%) over the week.
Think about Dubai and you probably picture great weather, sandy beaches, luxury hotels and and modern cities. News yesterday that State-owned Dubai World wants to delay repaying its debts for six months had a big impact on global stockmarkets, with the FTSE 100 closing down -3.18%. Has the Dubai bubble finally burst?
The big news in the world of fund management this morning is the return of Anthony Bolton to running money. Bolton, arguably one of the most successful investors of his generation, will be relocating to Hong Kong to manage a new China fund for Fidelity.
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