Friday newspaper round-up: Lloyds, Royal Bank of Scotland, Tesco
4th Dec 2009 06:31
A fresh row over City bonuses is set to engulf ministers after it emerged last night that 200 executives at Lloyds, the partly state-owned bank, are set to receive one-off payments worth up to 80% of their annual salaries. They will receive the money for integrating Lloyds with HBOS, which has led
Read moreLondon afternoon: Footsie in the blue
2nd Dec 2009 14:52
Though banks are still looking sickly, Footsie has struggled into positive territory on the back of a strong mining sector. Royal Bank of Scotland (RBS) remains the biggest faller among blue-chips, with lingering concerns about its exposure to Dubai World's debt now overshadowed by with newspaper r
Read moreLondon midday: Banks get battered
2nd Dec 2009 12:11
After yesterday's strong gains, equities come off the boil today with banks, in particular, getting hammered, on enduring fears over exposure to Dubai debt. Royal Bank of Scotland (RBS) and Lloyds Banking are the big fallers among blue-chips, while elsewhere in the banking sector Barclays is also o
Read moreLondon open: Flat start for Footsie
2nd Dec 2009 08:41
London's blue chips have made a flat start despite gains for miners as gold hit a new record high. The metal rose above $1,200 per ounce again overnight in Asia as investors sought refuge from a weak dollar and Dubai's woes. Lonmin, Vedanta and Kazakhmys are all going well. Offsetting that are som
Read moreLondon close: Footsie down but above 5,000
3rd Nov 2009 16:24
London's blue chips ended off session lows and back above the 5,000 level, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remained resolutely out of favour, however, as the market reacted negatively to the revised terms of its part
Read moreLondon afternoon: Market licking its wounds
3rd Nov 2009 14:11
The FTSE 100 index clawed its way back above the 5,000 level over the lunch-time session, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remains resolutely out of favour, however, as the market reacted negatively to the revised ter
Read moreBroker tips: RBS, Ryanair, AB Foods
3rd Nov 2009 13:06
The market has reacted badly to the revised terms of Royal Bank of Scotland's participation in the government's asset protection scheme, and the analysis from stockbroker Killik implies it has been right to do so. 'In order to promote greater competition in UK banking and to meet EU State Aid rules
Read moreBroker snap: Mixed views on AB Foods
3rd Nov 2009 12:39
FinnCap has described an investment in Associated British Foods as 'one to sleep easily at night with,' after the Primark owner topped market forecasts with its results on Tuesday morning. The broker said that the stock proved a haven for fund managers in the recessions of the early eighties and e
Read moreLondon midday: Retreat turns into a rout
3rd Nov 2009 12:08
The list of FTSE 100 constituents is bereft of risers, as stocks move swiftly into reverse while the market digests developments relating to the part-nationalised UK banks. The government is injecting another £25.5bn into Royal Bank of Scotland (RBS), with a further £8bn available if things get wo
Read moreABF reveals 4% rise in FY profit
3rd Nov 2009 07:28
Primark owner Associated British Foods reported a 4% rise in full year adjusted pre-tax profit and added it was confident of progress for the year ahead. Adjusted profit before tax rose to £655m for year ended 12 September 2009 while group revenue for the period rose 12% to £9.3bn. Growth was drive
Read moreTuesday preview: Lloyds, AB Foods, Rolls-Royce
2nd Nov 2009 15:50
Part-nationalised lender Lloyds Banking Group's £25bn recapitalisation programme will finally be made public tomorrow, according to reports. The bank is expected to raise £13.5bn from a deeply discounted rights issue, possibly at 50p a share, with the British government subscribing for £5.5bn of s
Read moreThursday newspaper round-up: Land Registry, National Express, Aviva
22nd Oct 2009 06:10
The Land Registry will announce plans today to cut 1,500 jobs and close a quarter of its national offices before a possible sale of the government department to the private sector, the Times has learnt. National Express, the bus and rail group facing a merger approach from rival Stagecoach, will an
Read moreTuesday tips round-up: Barclays, AB Foods, Goals Soccer
8th Sep 2009 06:56
While Barclays was not immune to the effects of the credit crunch, it is clearly in much better shape than either Lloyds TSB or Royal Bank of Scotland, and has not yet had to call on the taxpayer for any cash. Brokers have Barclays on an adjusted multiple of just 5.3 times this year's forecast earn
Read moreLondon close: Investors still hungry for equities
7th Sep 2009 16:34
Massive gains at bid target Cadbury and a good result from the weekend's G20 meeting helped London's leading index to a new 11-month closing high on Monday. Dairy Milk firm Cadbury surged ahead following a proposed offer from Dairylea cheese and Toblerone firm Kraft of 300p a share and 0.2589 Kraft
Read moreLondon afternoon: Blue chips post big gains
7th Sep 2009 13:58
London's blue chips continue to rise as talk of a new bidder for Cadbury keeps its shares bubbling following a rejection of a £10.2bn offer from Kraft. Kraft, whose brands include Dairylea cheese and Toblerone chocolates, said its proposed offer of 300p a share and 0.2589 Kraft shares for every Cad
Read more