Barclays guilty of market manipulation
27th Jun 2012 13:39
Barclays Bank is to pay a 290 million pound fine following an investigation by UK and US regulators into manipulation of inter-bank lending rates. The bank's top executives, including Chief Executive Bob Diamond, have agreed to waive their bonuses this year as a result. City watchdog, the Financia
Read moreLondon midday: Investors braced for EU summit
27th Jun 2012 11:39
- Markets still nervous ahead of summit - Chinese stimulus fuels stocks - Shire and banks lead Footsie higher UK stocks rose on Wednesday as investors hoped that the upcoming EU summit in Brussels will answer some of the uncertainties that continue to cloud the global economic outlook. The summit
Read moreLondon open: Stocks edge higher ahead of EU summit
27th Jun 2012 08:24
- Caution ahead of the EU summit - Merkel still against eurobonds - Chinese stimulus speculation does the rounds Stocks rose moderately on Wednesday morning though the mood was still cautious with the focus on the upcoming EU summit in Brussels. "With European equity markets having been confined t
Read moreLondon close: Markets cautious on Eurozone uncertainty
26th Jun 2012 16:33
- Cautious mood ahead of EU summit - Cyprus, Spain and Italy dampen sentiment - US data mixed The FTSE 100 struggled to find direction on Tuesday, swinging between gains and losses throughout the day on the back of development in the Eurozone and mixed economic data from the US. Traders were showi
Read moreFTSE 100 movers: Shire jumps into top spot on upgrades
26th Jun 2012 15:28
Shire leapt into the top spot, rebounding after a heavy sell-off the day before on the back of generic competition issues surrounding its ADHD drug, Adderall XR. The firm was given a lift by Panmure Gordon, Berenberg and Societe Generale, who all upgraded their ratings on the stock. Speciality che
Read moreLondon midday: Stocks flat on mixed Eurozone news
26th Jun 2012 11:33
- German consumer sentiment improves - Cyprus asks for a bailout - Perhipery bond auctions see yields rise London's Footsie swung between gains and losses on Tuesday morning on the back of mixed news from the Eurozone. Investors are likely to remain cautious ahead of the crucial EU summit on June 2
Read moreLondon open: Stocks rise after German GfK report
26th Jun 2012 08:37
- German consumer sentiment expected to improve - Cyprus asks for bailout - Moody's downgrades 28 Spanish banks London blue chips advanced in early trading on Tuesday as an unexpected rise in German consumer sentiment outweighed concerns over Cyprus and Spain. Also helping the mood this morning wa
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreLondon close: Footsie falls but banking stocks robust
22nd Jun 2012 16:57
- BoE, ECB ease pressure on lenders - Moody's downgrades 15 global banks - Resources stocks weigh on London market Resource stocks were weighing heavily on the FTSE 100 on Friday afternoon, sending the index one per cent lower, despite actions by central banks in the UK and the Eurozone to ease the
Read moreFTSE 100 movers: Lloyds leads banks higher despite Moody's downgrades
22nd Jun 2012 15:27
Banking peers Lloyds, RBS, HSBC and Barclays were all making gains on Friday afternoon despite having their credit ratings downgraded by Moody's. Lloyds, which was downgraded in a separate report to the others, was a high riser after saying Moody's has recognised "the substantial momentum we have
Read moreLondon midday: Banks shrug off downgrades, but resources stocks drag
22nd Jun 2012 11:48
- Banks rise in spite of Moody's downgrade - Spanish banks need up to 62bn euros, says private audit - German business confidence falls to two-year low Banks were making gains by midday as they shrugged off a sector-wide downgrade my Moody's, but the Footsie still remained in the red with oil and m
Read moreLondon open: Mass bank downgrade in the spotlight
22nd Jun 2012 08:32
- Moody's downgrades 15 global banks - Spain needs up to 62bn euros in bank aid - Oils and miners drops early on London's blue chips dropped sharply on Friday morning with the mass bank downgrade by Moody's weighing on sentiment across Europe. Credit ratings agency Moody's has downgraded 15 major
Read moreMoody's cut is 'backward looking', claims RBS
22nd Jun 2012 07:48
Credit ratings agency Moody's has downgraded 15 major banks and financial instiutions, including the major lenders on Britain's High Street. Royal Bank of Scotland, Barclays, Lloyds and HSBC all got the downgrade treatment as the agency completed its review of the global banking sector. Barclays' r
Read moreFriday newspaper round-up: Moodys, Xstrata, Apple
22nd Jun 2012 06:53
Britain's high street lenders last night had their credit ratings cut by Moody's, the ratings agency, as part of a major worldwide downgrade of bank ratings. The review was announced months ago, meaning any impact is likely to be muted as the downgrades were already priced in by the market. All four
Read moreLondon close: Gloomy US data dents stocks further
21st Jun 2012 16:24
- Philly Fed manufacturing and other US data disappoints - No QE3 boost from the Fed - Chinese and Eurozone PMIs paint gloomy picture The Footsie closed near its lowest levels of the day on Thursday afternoon after a raft of economic indicators from the US disappointed, just one day after the Feder
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