A much-needed rally for London shares was sustained today after the US Federal Reserve helped to address some of the panic in world markets.

RESIDENTIAL mortgage holders will save more that €300 million a year as increased competition erodes the profit margins banks and building societies make, analysts said yesterday.

Technology stocks were under pressure today after software group Misys said conditions remained challenging in its key banking and finance markets.

The terrorist attacks on the United States, coupled with fears of a global recession, have changed the way people are investing their money, research suggested today.