FTSE 100 movers: Banks and miners dive as utilities climb higher
11th May 2012 15:03
Banks were heavy fallers in the opening hour on the back of the JP Morgan surprise trading loss. Barclays, Royal Bank of Scotland, Lloyds and HSBC were all among the worst performers. One stock in the financial sector bucking the trend though was hedge fund manager Man Group, which jumped after an u
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreMorgan Crucible CEO buys up 'cheap' stock
9th May 2012 15:53
Mark Robertshaw, the Chief Executive Officer of Morgan Crucible purchased 35,000 shares in the the FTSE 250 industrial materials group on the same day stock broker Jefferies hailed the stock as cheap, compared to its sector peers. Robertshaw purchased the shares at 290.00p for a total of £101,500,
Read moreTrinity Mirror boss leaves on the sly
4th May 2012 09:52
Sly Bailey, one of the highest profile British Chief Executives of the last decade, is to leave her post as boss of Trinity Mirror after bearing the brunt of shareholder anger over pay. In a statement released on Thursday night after the stock market had closed Trinity said Bailey had handed in her
Read moreLondon midday: Investors eye ECB decision as stocks edge higher
3rd May 2012 12:08
- Investors await ECB decision - Successful bond auctions in France, Spain - Mixed reception to barrage of corporate updates The Footsie had traded within a narrow range in morning trade after a strong start ahead of a closely watch interest rate decision from the European Central Bank (ECB) due th
Read moreLondon close: Footsie drops one per cent after gloomy data
2nd May 2012 16:38
- US ADP data well below expectations - Eurozone manufacturing, employment figures weigh on sentiment - Banks, miners among worst performers in London The Footsie finished close to its lowest levels of the day on Wednesday, nearly erasing its impressive rise the day before, as some worse-than-expec
Read moreFTSE 100 movers: Next in pole position on sales rise
2nd May 2012 14:19
Fashion chain Next rose into the top spot after sticking with full-year guidance given in March after first quarter sales showed a small year-on-year improvement, helped by contributions from new stores. Broadcaster and broadband group BSkyB was also making gains after reporting record nine-month
Read moreLondon midday: Eurozone data dampens sentiment
2nd May 2012 11:42
- Eurozone jobless rate matches 1997-high - Eurozone manufacturing takes a hammering - Banks among the fallers, StanChart falls after first-quarter update London's blue chips slumped on Wednesday morning while most other major European markets traded moderately higher as they reacted to yesterday's
Read moreLondon open: Banks, ex-div stocks weigh on FTSE 100
2nd May 2012 08:43
- HSBC Chinese PMI improves but still below 50 - Standard Chartered falls after first-quarter update - BSkB leads risers after 'fit and proper' defence Following a strong rise for UK stocks yesterday when European markets were closed for May Day, the FTSE 100 opened lower on Wednesday morning. Lon
Read moreLondon close: US manufacturing data fuels late surge
1st May 2012 16:38
- US data offsets disappointing figures from China, UK - Lloyds leads banks higher, Man Group tumbles - Chemring gains 20pc after contract win With markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gav
Read moreSector movers: Lloyds leads banks higher
1st May 2012 16:00
Massive gains for Lloyds following the lender's first-quarter results meant that the banking sector was the best performing sector on Tuesday afternoon. Profits at Lloyds Banking Group were back in the black in the first three months of 2012, prompting a near-7% jump in the share price before the
Read moreFTSE 100 movers: Lloyds leaps after first-quarter results
1st May 2012 14:32
Lloyds was the best performer of the day after reporting that its pre-tax profits in the first quarter came in at 288m pounds compared to a massive loss of 3.47bn pounds in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being receiv
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read morePay wars hot up, WPP's Sir Martin Sorrell under spotlight
1st May 2012 10:13
Whisper it not at remuneration committee meetings but we may be living through a golden period of shareholder activism over pay. The latest target may be Sir Martin Sorrell, the not unassuming Chief Executive of WPP, the world's biggest advertising firm. The Telegraph suggests the company is "riski
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