Sunday newspaper round-up: Rolls Royce, RBS, Public finances
16th Dec 2012 18:08
A former employee at the centre of the Rolls-Royce corruption case has claimed the company paid a second bribe of 25m dollars to an Indonesian businessman to help it to secure a 2010 jet engine contract. The British aero-engine maker won a 420m dollars (260m pounds) contract in July 2010 from Garuda
Read moreLondon close: 'Fiscal cliff' concerns keep markets under pressure
13th Dec 2012 16:45
- Boehner says White House not serious about 'cliff' - Stocks shrug off Fed stimulus - Centamin plummets after mine suspension Stocks markets across Europe took a breather on Thursday, following a strong performance over the last month, as investors digested stimulus plans by the Federal Reserve an
Read moreBarclays expected to cut 2,000 jobs
13th Dec 2012 15:51
Barclays is reportedly set to announce its plans to cut 2,000 jobs in its investment bank early next year. The British banking giant is preparing to axe positions as part of a broad restructuring of the company, according to reports Thursday. It is a fairly insignificant scale-back for the compan
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreSunday newspaper round-up: Barclays, UK AAA, China
9th Dec 2012 13:51
An international trade war is threatening to erupt over an American plan that would force Barclays and Deutsche Bank to pump more cash into their Wall Street operations. Daniel Tarullo, a governor of the Federal Reserve, wants tougher capital and liquidity rules for all foreign banks operating in Am
Read moreFriday newspaper round-up: Starbucks, Barclays, Citigroup...
7th Dec 2012 06:51
Starbucks has taken the 'unprecedented' step of pledging to pay 20m pounds corporation tax, even if it makes no profit - only for the move to appear to backfire and fuel the fiasco surrounding its UK operation. In a bid to end the pressure on the coffee chain, the US giant dramatically broke off tal
Read moreLondon midday: Gains erased as investors await ECB decision
6th Dec 2012 12:08
The Footsie had erased most of the morning's gains by Thursday lunchtime, as investors awaited a policy rate decision in Europe and some jobless claims figures in the US later this afternoon. As expected, the Bank of England's Monetary Policy Committee voted to maintain the Bank Rate at 0.5% at tod
Read moreBarclays accelerates Africa strategy
6th Dec 2012 09:03
Barclays bank and its subsidiary Absa Group have agreed to combine the majority of Barclays Africa operations with Absa. The banking giant hopes that the plan will position it as the "go-to bank" on the continent and is expected to bolster plans to expand corporate banking, market activities and ba
Read moreLondon open: Stocks edge higher ahead of rate decisions
6th Dec 2012 08:26
Stocks started Thursday's session with moderate gains on the back of hopes that US politicians are nearing an agreement on the 'fiscal cliff', as markets looked ahead to policy announcements in both the UK and Europe. "European headline shares opened vigilantly today as a raft of economic data due
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 100 movers: Banks fall after BoE lending scheme underwhelms
3rd Dec 2012 15:38
UK banking group Lloyds was under the weather after the release of the details of the Bank of England's (BoE's) Funding For Lending (FLS) scheme in the third quarter. The BoE revealed that Lloyds, along with RBS, had cut net lending by £2.77bn and £642m, respectively, in the three months to the en
Read moreLondon midday: Markets rise after manufacturing data
3rd Dec 2012 11:35
- Chinese and Indian PMIs improve - UK manufacturing PMI beats forecasts - Miners provide a lift in London The Footsie had held on to gains by Monday lunchtime after some decent manufacturing figures from China and India, though the mood was cautious on the back of uncertainties surrounding the US
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreFriday newspaper round-up: Direct Line, British banks, The Independent takeover...
30th Nov 2012 07:00
Direct Line has announced another 236 jobs cuts as the newly-floated insurance giant moves towards slicing costs by 100 million pounds by the end of 2014. The fresh round of streamlining comes on top of previously-announced plans to shed 970 jobs across the group's UK operations, which employed abou
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