London open: Stocks gain on ECB optimism
6th Sep 2012 08:34
- Crucial day for Europe, ECB decision eyed - Bank of England expected to hold fire - Whitbread, Morrisons and miners lead risers Some strong gains from Whitbread, Morrisons and host of miners assured that the Footsie got off to a decent start on Thursday morning, as markets awaited a pivotal polic
Read moreChancellor challenges Barclays' claims on tax dodge
6th Sep 2012 07:38
In a letter written to Andrew Tyrie, chairman of the Treasury Select Committee, the Chancellor, George Osborne, has publicly questioned the veracity of Barclays' explanation of its now notorious £300m tax dodge. During his testimony to parliament this past spring Barclays' then chief executive, Bob
Read moreThursday newspaper round-up: Saudi Arabia, RBS, Obama
6th Sep 2012 06:36
A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years. The Kingdom is the world's largest oil producer, accounting for about 13 per cent of global supply, but it may need to use a growing share
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreLondon pre-open: Stocks cautious after Moody's lowers EU outlook
4th Sep 2012 07:32
London's Footsie is expected to open just a few points lower than yesterday's close of 5,758 after Moody's lowered the European Union's outlook. Credit ratings agency Moody's last night maintained the EU's 'Aaa' rating but lowered its outlook for the region from 'stable' to 'negative' to reflect "t
Read moreTuesday newspaper round-up: Fragmentation, EU, Tax-cuts
4th Sep 2012 06:37
Interest rates paid by companies in the Eurozone's weaker economies have surged, highlighting the bloc's fragmentation as the European Central Bank loses control of borrowing costs. ECB data on Monday showed Spanish small businesses face the highest bank borrowing costs in almost four years - while
Read moreSunday newspaper round-up: Barclays, IAG, Xstrata
2nd Sep 2012 18:19
Barclays's new chief executive has warned that its huge investment bank will be scaled back in response to tough new regulations and a stagnant economy. Antony Jenkins told The Sunday Times that he would not rely on a rebound in the global economy to fuel profit growth at the investment banking arm,
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreLondon 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
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