London midday: StanChart drags banks lower
7th Aug 2012 11:47
- StanChart dominates headlines on Iran dealings - UK manufacturing output falls 4.3 per cent - Spain could be nearing a bailout The Footsie had swung into the red by Tuesday lunchtime as the banking sector took a hit on the back of 24 per cent plunge from Standard Chartered due to alleged dealings
Read moreLondon close: Credit Suisse thinks defensive-led rally will continue
6th Aug 2012 17:06
- Greece making progress - RBS up on US sale rumours - StanChart in the spotlight over Iranian transactions UK stocks started the week strongly on the back of improvements in Greece and hopes of imminent action from the European Central Bank (ECB) to stem the crisis. After a meeting between the Tr
Read moreFTSE 100 movers: RBS and Barclays move to the fore
6th Aug 2012 13:55
Royal Bank of Scotland is moving higher after The Sunday Times reported that Brazil´s Banco Itau could be sizing up the lender´s US operations. Those assets could fetch a price of 10bn pounds the paper reported. Barclays was also up on widespread reports that it is planning an overhaul of its bonu
Read moreBarclays plans 'bonus overhaul'
6th Aug 2012 10:47
There are widespread reports that Barclays is planning an overhaul of its bonus system, that could see payouts withheld until bankers leave the company. The stories, which reference unnamed sources, say Barclays is considering following in the footsteps of HSBC, which recently put forward plans to
Read moreLondon close: Markets rocket after US July jobs data
3rd Aug 2012 16:27
- US payrolls smash expectations - Short-term EZ periphery bond yields plummet - FTSE Mibtel and Ibex 35 finish 6% higher each - Euro bounces back - Expectations for further QE in US tempered Equity markets across Europe surged on Friday, rebounding strongly after a poor run the day before, as so
Read moreSector movers: Miners, financials gain after US jobs data
3rd Aug 2012 15:50
There were no sectors in the red on Friday in London as some uplifting economic data from the US increased investors' risk appetite. Some 163,000 US payrolls were added in July, well ahead of the 100,000 expected by economists. Meanwhile, the non-manufacturing index from the Institute for Supply Ma
Read moreLondon midday: Footsie rebounds strongly after Draghi-fuelled sell-off
3rd Aug 2012 11:39
- RBS leaders risers after first-half figures - Markets await US data - Peripheral yields fall, ECB rumours do the rounds The Footsie was up 1.3 per cent by midday on Friday as strong gains in the financial sector provided a lift to the blue-chip index as it attempted to claw its way back from a he
Read moreLondon open: Stocks rebound after Draghi disappointment
3rd Aug 2012 08:31
- Stocks rebound after Draghi-fuelled sell-off - Chinese data improves - RBS leads banks higher after first-half results The Footsie rose strongly Friday morning, rebounding after a heavy sell-off the day before, with RBS and the banks providing a lift early on. Stocks sank yesterday after a press
Read moreLondon close: Markets tank as Draghi dampens sentiment
2nd Aug 2012 16:48
- Draghi fails to give markets a boost - BoE maintains rates and QE - RBS leads the downside on one-charges, nationalisation rumours Equity markets across Europe tanked on Thursday afternoon in spite of a positive start, after the European Central Bank (ECB) dashed hopes of immediate action to stem
Read moreRBS to be fined for IT mishap, mis-selling scandals
2nd Aug 2012 14:18
Royal Bank of Scotland is expected to incur a 300m-pound one-off charge in relation to IT breakdowns at Natwest and two mis-selling scandals. According to an exclusive report by Mark Kleinman, the City Editor of Sky News, the bank will reveal details of the financial impact from these issues on Fri
Read moreRBS gears up for LIBOR-fixing repercussions
31st Jul 2012 15:12
A settlement between UK bank Royal Bank of Scotland (RBS) and authorities regarding the investigation into attempted LIBOR-fixing may be announced in the next few months. The interest-rate rigging scandal that led to numerous resignations on fellow lender Barclays's board - including Chief Executiv
Read moreFTSE 100 movers: Miners lead the way
31st Jul 2012 14:25
Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning. A notable exception was Mexico-focused precious metals miner Fresnillo, which drop
Read moreLondon midday: Markets in the red despite mining strength
31st Jul 2012 11:26
- Recent global risk rally shows signs of fading - European blue-chips (BP, Weir, UBS, Deutsche Bank) - Markets await central bank action London's equity markets were broadly lower on Tuesday as sentiment was dampened by heavyweight corporates (BP, Weir, UBS, Deutsche Bank) missing analysts' estima
Read moreLondon open: Footsie flat despite falls for BP, Weir and Fresnillo
31st Jul 2012 08:28
- BP, Weir and Fresnillo provide some downward pressure - UK consumer confidence remains subdued - Markets await the Fed and ECB Some disappointing results from BP, Weir Group and Fresnillo were preventing gains for the Footsie on Tuesday morning; meanwhile, consumer confidence data in the UK showe
Read moreFTSE 100 movers: Miners and financials lead the way
30th Jul 2012 14:23
The banking and resources sectors were among the best performers on Monday as risk appetite increased on the back of stimulus hopes. Barclays, RBS, ENRC and Xstrata were high risers by mid-afternoon. Global banking group HSBC was along among them after seeing an 11% rise in reported pre-tax profit
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