London open: Greek contagion fears sink stocks again
17th May 2012 08:41
- Greek exit contagion fears grip markets again - ECB stops support for some Greek banks - FOMC reveal concerns over the euro crisis The FTSE 100 was heading for a fourth straight fall on Thursday as concerns over contagion from the Greek debt crisis continued to cloud the outlook for the global ec
Read moreLondon pre-open: Stocks to track Asian stocks higher
17th May 2012 07:28
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,405, tracking Asian stocks higher after Japan's economy expanded at an annualised rate of 4.1 percent in the first quarter of the year. Diversified mining group Vedanta Resources saw robust growth in revenue in th
Read moreAviva to take all year to find new CEO
17th May 2012 07:17
Aviva, the general insurer which recently lost its Chief Executive Officer (CEO) after a shareholder revolt over pay, says it has made a solid start to 2012. Operating profit for the first quarter of the year is marginally down on the corresponding period of last year, but stripping out the effects
Read moreNo drama at RSA AGM
14th May 2012 14:21
All resolutions were passed at the annual general meeting (AGMs) of the insurance group RSA, including the vote on the remuneration report. Around 6.4% of the votes cast were opposed to the remuneration report which, in the light of recent protest votes at AGMs, counts as a relatively mild protest.
Read moreAlmost half of UBM shareholders refuse to back director pay
14th May 2012 08:10
A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports. At the global media company's annual general meeting 36% of shareholders, representing 55.5m shares, voted
Read moreSunday newspaper round-up: Greece, Lloyds, BRICs
13th May 2012 11:38
Greece's deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal. Speaking exclusively to The Sunday Telegraph, Theodoros Pangalos said he was "very much afraid of what is going to happen" after Greek voters rejected the d
Read moreBritish Gas owner Centrica feels cold blast from critics
11th May 2012 15:28
Although the City pages of Saturday's papers may focus on Centrica's trading patterns, outlined in a statement issued on Friday, the front page news is likely to be the energy provider's thinly veiled warning that fuel bills are set to go up later this year. Centrica, which provides energy under th
Read moreShareholder spring slays Pendragon
11th May 2012 09:16
Inspired by the courageous revolutions in North Africa and the Middle East, British investors have been casting off the shackles of domination and casting votes against excessive executive pay awards Well, that's the idea anyway, although it is worth noting that votes on remuneration reports are on
Read moreThursday newspaper round-up: Greece, Aviva, Rank Group
10th May 2012 07:28
Germany has threatened to halt vital financial aid to Greece unless a new government commits to the terms of the country's bail-out agreements. Ministers in Berlin warned that they would withhold international aid to Greece in a move which could trigger a fresh, damaging countdown to default in Athe
Read moreWednesday tips round up: Aviva, Morgan Crucible, TeleCity
9th May 2012 06:51
The Telegraph's Questor column opines on Aviva - anyone vaguely interested in the markets will have heard that the firm's Chief Executive, Andrew Moss, left yesterday after a shareholder rebellion over pay. The shares have underperformed for ages, despite numerous restructurings and the sell-off o
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read moreBroker snap: New Aviva CEO allows 'a break from the past'
8th May 2012 15:26
Jefferies has maintained its buy recommendation and 386p target price for insurance group Aviva following the announcement that its Chief Executive Officer Andrew Moss has quit. The move, instigated by Moss, follows last week's Aviva annual general meeting which saw a majority of shareholders vote
Read moreFTSE 100 movers: Tullow up on oil find as miners sink
8th May 2012 13:59
Tullow Oil jumped after it discovered further oil in the first exploration well at one of its Kenyan projects, increasing its potential 'significantly'. Following an announcement in March that the well had encountered in excess of 20m of net oil pay, the well was then deepened from 1,041m to 1,515m
Read moreLondon midday: Miners pull Footsie lower, Eurozone in focus
8th May 2012 11:33
- European elections cast a shadow over the market - Miners track metals prices lower - Aviva, Tullow on the rise Political uncertainty in Europe and falling metals prices meant that London-listed miners were the worst performers of the day by Tuesday lunchtime, pulling the FTSE 100 index firmly in
Read moreLondon open: Stocks flat with political uncertainty in focus
8th May 2012 08:40
- Greek and French elections raise concerns - Aviva up after CEO departure - Tullow rises after further oil find in Kenya After a long weekend, London's blue chips opened broadly flat on Tuesday morning with political concerns in Europe weighing on sentiment. Antonis Samaras from Greece's biggest
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