Medibank shares to sell at 230 after strong institutional demand, shares of Royal Bank of Scotland also hit record levels for the second day running

Medibank shares to sell at 230 after strong institutional demandgospelhitz, shares of Royal Bank of Scotland also hit record levels for the second day running.

London Stock Exchange (LSE) and US stock indexes closed up 3.8 per cent on Friday but index levels have now halved since July 2014.

Banks have been warning that Brexit negotiations with the UK could push up interest rates, which could put a financial squeeze on investment in infrastructure.

US bank Wells Fargo (WFC) announced it could cut $100 million from its investment portfolio to buy an insurance business at a discount to the igospelhitznitial purchase price. Wells Fargo's acquisition will include a unit of US insurer Centene (CEP).

A bank holiday followed by a three-day EU "Schengen" accession process would lead to capital flight, analysts warned in a research note.

There is also "very strong appetite among investors that Brexit could be followed up with a trade war, with uncertainty in its relationship with the US, and with UK politics in particular", according to Barclays' Ramesh Rana.

Investors are also taking Brexit more seriously than before as the government will not offer them any more time to study it, it said.

"That said, with no major decisions yet taken at the current time in the EU, and uncertainty remaining over any decision that has to be made t우리카지노o leave the EU, investors are starting to look carefully at the risk profile and potential outcome," said Barclays' Rana.

"Some of these investors might have already moved to sell, others might not. There will be uncertainty and many are beginning to take a more sceptical view, yet many don't need to be so," Rana added.