London open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreThursday newspaper round-up: Barclays, ECB, QE
5th Jul 2012 06:59
City regulators raised concerns with Barclays's board in February about a breakdown of trust with the bank over incidents including a £7.5bn Cayman Islands scheme known as Protium to transfer toxic assets off its balance sheet. Andrew Tyrie, the chairman of the Treasury Select Committee, yesterday q
Read moreLondon close: Stocks flat, attention turns to Barclays late on
4th Jul 2012 16:48
- Former Barclays CEO quizzed by MPs over LIBOR fixing - Market subdued as Wall Street closed - Tomorrow's policy decisions eyed After a brief foray into positive territory, gains for the Footsie were pared in the final hour of trade with the focus shifting to Barclays as its former boss was being
Read moreBroker tips: Barclays, Burberry, Taylor Wimpey
4th Jul 2012 12:10
After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce' and reduced its target price from 268p to 210p. The broker sees material uncertainties at Barclays arising from: the shape and direction
Read moreLondon midday: Footsie edges lower on weak PMI data
4th Jul 2012 11:34
- PMI data from China and Europe disappoints - US markets closed for July 4th - Investors await policy decisions tomorrow The Footsie was trading within a narrow range of just 17 points on Wednesday as volumes were seen to be light given that Wall Street is closed for Independence Day. Disappointin
Read moreBroker snap: Nomura downgrades Barclays on uncertainty
4th Jul 2012 09:25
After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce'. In a research note on Wednesday morning, Nomura attempts to quantify the potential size of the issues surrounding interbank lending rat
Read moreLondon open: Markets cautious ahead of policy decisions
4th Jul 2012 08:38
- Ex-div stocks provide a drag in London - Chinese economic data dampens the mood - US markets closed for national holiday UK stocks slipped in early trading on Wednesday with volumes expected to be light as US markets remain closed for Independence Day; investors are likely to be cautious ahead of
Read moreWednesday broker round-up
4th Jul 2012 08:19
African Minerals: Jefferies keeps buy rating and 800p target. Anite: Jefferies raises target from 155p to 160p, buy rating retained. Barclays: Nomura downgrades from neutral to reduce, target cut from 268p to 210p. British American Tobacco: AlphaValue downgrades from add to reduce, target raised
Read moreLondon close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreLIBOR scandal takes down another Barclays exec
3rd Jul 2012 14:51
Barclays's Chief Operating Officer (COO) Jerry del Missier has now quit, leaving the bank's boardroom looking a little empty following the resignation of both its Chairman and Chief Executive Officer over the last few days. Del Missier, who was appointed as COO just last month, is to follow in the
Read moreFTSE 100 movers: Aberdeen off on Credit Suisse placement
3rd Jul 2012 13:57
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chair
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreBroker tips: Barclays, Man Group, Avocet Mining
3rd Jul 2012 10:54
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreBroker snap: Diamond's departure eases pressure on Barclays
3rd Jul 2012 10:10
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreLondon open: Stocks rise on stimulus hopes; Barclays in focus
3rd Jul 2012 08:31
- US, UK, China and ECB stimulus hopes drive gains - Barclays hits headlines after CEO departs - Miners rise as metals prices advance Hopes that central banks will inject more stimulus into the global economy were boosting UK stocks on Tuesday morning. Yesterday's disappointing manufacturing data
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