P541 Teletext 541 Oct28 21:56:11         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY Before Big Bang the highest paid stockbroker worked at Strauss Turnbull and earned £350,000 a year, nowadays many earn bonus-related pay of £1m+. Big Bang saw the end of rigid separation between brokers and market makers. The result was compftition and a fall in equity transaction charges. Nomura and Merrill Lynch were the first foreign firms to move into the market. ——————————————————————————————————2/9—— Jim Slater's investment tips 543 Download and Analyse Share Price on Your PC See Pages 532 & 533 Your Money Advice Property Jobs
P541 Teletext 541 Oct28 21:43:00         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY "We're going to see the equivalent of Big Bang 2 in the next 12 months," says Barclay's Justin Urqhart Stewart. "CREST will see paperless share trading open up and we're moving to a matched trading market where what you buy will be matched directly to someone selling" "We'll eventually have same day settlement; when you pay for shares on the same day that you buy them." ——————————————————————————————————5/9—— Divorce boosts homesales by 10% 544 Download and Analyse Share Price on Your PC See Pages 532 & 533 Your Money Advice Property Jobs
P541 Teletext 541 Oct28 21:41:04         —————— NEWS ——————————————————————————— FAMILY FINANCE EARNS COMMENDATION Teletext's Family Finance magazine has earned a special commendation at Bradford & Bingley Building Society's Personal Finance Awards for 1996. Radio 4's Moneybox won Broadcast Personal Finance Programme of the Year but broadcaster Sue MacGregor paid tribute to Teletext's service, saying: "Teletext provides an u—\to-the-minute service of unbiased information." ——————————————————————————————————7/9—— Family Finance index 540 Download and Analyse Share Price on Your PC See Pages 532 & 533 Your Money Advice Property Jobs
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P541 Teletext 541 Oct28 21:54:00         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY A decade ago the City saw a massive change in the way it operated. Big Bang meant: no Stock Exchange dealing pit anylore new firms and products were launched the old commission structure ended  an entrepreneurial market was born. ——————————————————————————————————1/9—— What's the FT-SE trading at? 500 3 YEAR STEPPED RATE BOND UP TO 8.25% GUARANTEED SEE p434 Your Money Advice Property Jobs
P541 Teletext 541 Oct28 21:43:00         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY On October 27, 1996 Big Bang introduced major changes in how the City worked. Since then the market value of London-listed equities has trebled. The number of member firms of the London Stock Exchange has doubled. Barclays Justin Urqhart Stewart remembers Big Bang well: "We went from being Champagne Charlies to Cappuccino Charlottes," he says. ——————————————————————————————————3/9—— Pensions, pensions, —dnsions 542 LATEST SHARE PRICES p510 Your Money Advice Property Jobs
P541 Teletext 541 Oct28 21:42:11         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY Big Bang's shakeout continued into the recession of the 1990s. Many jobs were lost, others were created in areas like derivatives and emerging markets. The Stock Exchange has less power over markets now, and has had several high profile problems including the loss of two Chief Executives in two years. New exchanges like Tradepoint, EASDAQ and - more recently - AIM started up. ——————————————————————————————————4/9—— What the City press is reporting 529 LATEST SHARE PRICES p510 Your Money Advice Pro—frty Jobs
P541 Teletext 541 Oct28 21:40:01         —————— NEWS ——————————————————————————— BIG BANG'S 10TH ANNIVERSARY "If you buy socks you expect to get them and pay for them there and then," says Barclay's Justin Urqhart Stewart. "New technology and changes in the market mean this is the shape of things to come," he adds "Everything will become more accessible and straightforward for people at home. But the risks and some of the ——————————————————————————————————6/9—— Crucial pension planning 542 Download and Analyse Share Price on Your PC See Pages 532 & 533 Your Money Advice Property Jobs
P541 Teletext 541 Oct28 21:54:13         —————— NEWS ——————————————————————————— WINDFALL FOR ALLIANCE MEMBERS Alliance & Leicester members will get 250 free shares worth 385435p when it floats on the stock market next year. 2.4m customers along with 11,500 A&L employees and pensioners will qualify for the windfall valued at £962-£1,088. Other windfalls being paid next year include 1m Bristol & West members set to get £600 each, and 10m Halifax members who will receive £900 each. ——————————————————————————————————8/9—— Crucial pension planning 542 Download and Analyse Share Price on Your PC See Pages 532 & 533 Your Money Advice Property Jobs