London open: Stocks drop ahead of EU summit
23rd May 2012 08:33
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results The Footsie sank in early trading on Wednesday as investors showed caution ahead of an eagerly-awaited EU summit later on this evening. Weighing on sentiment early on were commen
Read moreLondon pre-open: FTSE to fall ahead of European summit
23rd May 2012 07:30
City sources predict the FTSE 100 will open down 63 points from yesterday's close of 5,403, tracking Asian stocks lower as hopes of action from a meeting of European leaders being held later today fade. The drop puts an end to what had been a strong start to the week. UK banking titan Barclays ha
Read moreBarclays prices Blackrock offering
23rd May 2012 07:01
UK banking titan Barclays has announced the pricing details of the open offer part of its recently announced sale of its stake in US wealth management giant Blackrock. Barclays has agreed to sell 26.2m shares of Blackrock in an underwritten public offering at a price of $160 a share. In addition, a
Read moreLondon close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreFTSE 100 movers: Miners, financials recover after recent falls
21st May 2012 16:40
Miners and financial stocks were among the best performers of the day on Monday as the Footsie rebounded after slumping to a six-month low on Friday. Vedanta Resources, Polymetal, Xstrata and Glencore were making decent gains in afternoon trade on rumours that China could act to counter a slowdown
Read moreBroker snap: Barclays's BlackRock disposal unexciting but 'sensible', says Investec
21st May 2012 16:38
Investec has reiterated its buy recommendation and 240p target price for UK banking group Barclays following the news that it intends to sell its entire stake in BlackRock, saying that the deal is sensible but perhaps 'not transformational'. "In 2009, the disposal of Barclays Global Investors to Bl
Read moreBarclays to profit from sale of Blackrock stake
21st May 2012 11:49
Barclays is to sell its near one-fifth stake in the world's biggest asset manager, US firm Blackrock. Barclays currently holds BlackRock common stock and Series B convertible participating preferred stock which together represent a 19.6% economic ownership interest in BlackRock. The Series B stock
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreLondon open: Footsie rebounds from six-month low
21st May 2012 08:40
- G8 summit fails to lift sentiment as euro worries persist - Chinese stimulus speculation does the rounds - Man Group surges early on Despite an underwhelming G8 summit at the weekend, London's blue chip index opening slightly higher on Monday morning after slumping to its lowest levels since mid-
Read moreLondon close: Footsie battered again
18th May 2012 16:53
Footsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreFTSE 100 movers: Miners drop, pushed lower by Jefferies downgrade
17th May 2012 15:22
Mining and financial stocks were providing a drag on the Footsie today, as investors continue to flee from 'risker' assets amidst the global economic uncertainty. Providing further downward pressure on the resources sector was US broker Jefferies after having slashed its target prices for mining sto
Read moreLondon midday: Greek crisis continues to dampen sentiment
17th May 2012 11:59
- IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again Greek uncertainties, gloomy comments from the US Federal Reserve and rising bond yields in Spain knocked another one per cent off the value of the FTSE 100 on Thursday, a
Read moreLondon close: Stocks fall on Greek exit talk
16th May 2012 16:22
- Greek exit speculation sinks stocks again - ECB stops funding to some Greek banks (report) - Eurozone crisis to limit UK GDP in 2012, says BoE After a temporary foray into positive territory, the FTSE 100 slipped late on to finish in the red for a third straight day as concerns over a potential G
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