London 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
Read moreLondon pre-open: FTSE to suffer slight drop in early trading
8th May 2012 07:31
City sources predict the FTSE 100 will open down eight points from Friday's close of 5,655, following the UK bank holiday weekend which saw polital uncertainty resurface in Europe following the Greek and French elections. Andrew Moss, the Chief Executive Officer of insurance giant Aviva, has taken
Read moreMoss falls on his sword at Aviva
8th May 2012 07:06
Andrew Moss, the Chief Executive Officer of insurance giant Aviva, has taken the hint from disgruntled shareholders, and has quit the post with immediate effect. The move, instigated by Moss, follows last week's Aviva annual general meeting which saw a majority of shareholders vote against the remu
Read moreSunday newspaper round-up: Hollande, BT, Facebook
6th May 2012 12:05
John Lewis Partnership, the employee-owned retailer behind John Lewis and Waitrose, is exploring opening shops in China, a move which would mark its first foray outside the UK. Charlie Mayfield, chairman of the partnership, recently visited the country on a mission focused on sourcing products, visi
Read moreTrinity Mirror boss leaves on the sly
4th May 2012 09:52
Sly Bailey, one of the highest profile British Chief Executives of the last decade, is to leave her post as boss of Trinity Mirror after bearing the brunt of shareholder anger over pay. In a statement released on Thursday night after the stock market had closed Trinity said Bailey had handed in her
Read moreFriday newspaper round-up: RBS, Horizon, Italy
4th May 2012 07:01
Royal Bank of Scotland will on Friday confirm it has all but repaid the £163bn in emergency loans it received from British and US taxpayers during the financial crisis. The part-nationalised lender, which is 82pc state-owned following a £45bn taxpayer bailout, will complete the loan repayments next
Read morePay wars hot up, WPP's Sir Martin Sorrell under spotlight
1st May 2012 10:13
Whisper it not at remuneration committee meetings but we may be living through a golden period of shareholder activism over pay. The latest target may be Sir Martin Sorrell, the not unassuming Chief Executive of WPP, the world's biggest advertising firm. The Telegraph suggests the company is "riski
Read moreLondon midday: Footsie down as Man Group provides a drag
30th Apr 2012 11:48
- Spain joins the UK in recession - Man Group volatile ahead of Q1 IMS - Aberdeen up after solid first half London's blue chip index was trading near its lowest levels of the day by Monday lunchtime, snapping a four-day winning streak as Eurozone concerns were once again brought into the spotlight.
Read moreLondon open: Markets cautious early on, Spain in focus
30th Apr 2012 08:32
- Aberdeen leads risers after solid first half - Randgold falls after broker downgrade - Spain focus ahead of Thursday's bond auction Following a four-day winning streak, the FTSE 100 opened broadly flat on Monday morning with the Eurozone again in focus as Spanish debt concerns continue to weigh
Read moreAviva to review executive pay
30th Apr 2012 07:06
Insurance giant Aviva is the latest firm to sit up and take note of disgruntled shareholders as it announced a review of executive remuneration practises. It also said that chief executive Andrew Moss, who received a £2.69m package for 2012, would waive his pay rise for the year. It follows a stor
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreMonday broker round-up
23rd Apr 2012 08:56
ARM Holdings: JP Morgan Cazenove upgrades from underweight to neutral, target lifted from 400p to 540p. AstraZeneca: Barclays Capital upgrades from underweight to equal weight, target upped from 3,200p to 3,250p. Aviva: Goldman Sachs upgrades from neutral to buy. Barclays: Nomura reiterates neutr
Read moreFriday newspaper round-up: Barclays, Aviva, Manufacturers
20th Apr 2012 07:00
The determination to find new blockbuster drugs has encouraged GlaxoSmithKline to bid $2.6 billion for a company that it admits has uncertain prospects. GSK has offered to buy its long-term partner Human Genome Sciences for $13 a share, an 81 per cent premium to the previous day's price. The compani
Read moreAviva to flatten management structure
19th Apr 2012 10:02
There is blood on the board room carpet at Aviva after the insurance giant restructured its management structure to reflect the fact it now operates in fewer countries than in days of yore. "We have decided to remove the regional layer of our structure and are appointing the leaders of our three ma
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