London close: Stocks slip as stimulus hopes fade
30th Aug 2012 16:50
- Speculation ramps up ahead of Jackson Hole meeting - Decent US data dampens hopes for extra stimulus - Volatility could increase in coming weeks, says UniCredit The FTSE 100 index experienced its third consecutive day in the red on Thursday as economic stimulus-related optimism began to fade ahea
Read moreFTSE 100 movers: Resources lower on investor caution
30th Aug 2012 15:40
Resources stocks such as Rio Tinto, Kazakhmys, BHP Billiton, Eurasian Natural Resources Corp and Vedanta Resources were registering losses today as risk appetite is scaled back ahead of the pivotal meetings of central bankers over the next week.?? Kazakhmys was particularly under pressure after Je
Read moreLondon open: Markets look to central banks for a boost
30th Aug 2012 08:28
- All eyes on Jackson Hole - Draghi expected to announce something 'big' next week - Miners lower as Footsie experiences third day in the red Miners were once again weighing on the benchmark index in London this morning, as risk appetite continues to be scaled back ahead of some pivotal central ban
Read moreLondon pre-open: FTSE to extend Wednesday's losses
30th Aug 2012 07:24
City sources predict the FTSE 100 will open down 20 points from yesterday's close of 5,744, extending Wednesday's losses of 32 points and tracking declines seen in Asia over night. Sentiment has been dampened by worries over the global economic outlook, with nerves building ahead of today's Jackso
Read moreBarclays promotes from within to fill CEO role
30th Aug 2012 07:04
Under-fire banking giant Barclays has promoted from within to fill its vacant Chief Executive Officer position, moving up Antony Jenkins, currently head of the Barclays Retail and Banking Business. Jenkins, who takes over with immediate effect, has been a member of the Group Executive Committee of
Read moreThursday newspaper round-up: Disunity, Barclays, Mexico
30th Aug 2012 06:24
The Government should push through the full separation of investment and retail banking businesses in light of the interest swaps mis-selling scandal, according to one of Britain's largest investor trade bodies. In evidence to Parliament's Committee on Banking Standards, the Investment Management As
Read moreMouchel shareholders upset the apple-cart
24th Aug 2012 16:33
Trading in the shares of Mouchel Group has been suspended after shareholders voted against the company's restructuring plan. The financially troubled outsourcing firm announced restructuring proposals at the beginning of August which would see shareholders getting just a penny for each of their sha
Read moreLondon close: Stimulus hopes drive gains
21st Aug 2012 17:13
- Miners lead the way higher on Tuesday - Central banks in China and Europe expected to act - Glencore-Xstrata merger at risk Hopes of central bank action in Europe and China boosted stocks today with the mining sector benefitting the most from increased risk appetite. Michael Hewson, the senior m
Read moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
Read moreLondon midday: Stocks hold on to gains
21st Aug 2012 11:49
- Glencore-Xstrata merger dominates the headlines - Eurozone announcement could be near, says analyst - Chinese stimulus hopes lift stocks London's FTSE 100 had come off its intraday highs by lunchtime but was still trading firmly in the blue, with solid gains in the mining sector providing a lift.
Read moreLondon open: Miners provide a lift
21st Aug 2012 08:34
- Chinese stimulus hopes drive gains early on - Crisis resolution may take years, says Moody's - 'Glenstrata' merger at risk Strength in the mining sector lifted the FTSE 100 in early trading on Tuesday on the back of hopes for the Chinese economy. The People's Bank of China last night ramped up
Read moreLondon pre-open: FTSE to track Asian stocks higher
21st Aug 2012 07:32
City sources predict the FTSE 100 will open up 17 points from yesterday's close of 5,824, tracking gains seen in Asian markets overnight following China's central bank's decision to provide the country's banks with liquidity. The People's Bank of China last night announced plans to bolster the cou
Read moreBarclays to combine African operations with Absa
21st Aug 2012 07:20
UK banking giant Barclays is looking at combining the majority of its operations in Africa with its subsidiary Absa Group, in line with its strategy to operate as 'One Bank' across the continent. The proposed deal would involve the combination of Barclays´s interests in Botswana, Ghana, Kenya, Tanz
Read moreFTSE 100 movers: Xstrata leads decliners on benchmark index
20th Aug 2012 13:31
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding
Read moreLondon midday: Stocks slip as Germany dampens the mood
20th Aug 2012 11:50
- Bundesbank reiterates criticism of ECB bond-buying - ECB considering caps on bond spreads - Xstrata down on concern over Glencore merger After swinging between gains and losses for most of the morning session, the FTSE 100 was trading in the red by Monday lunchtime after Germany's Bundesbank quas
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