FTSE 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
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreBarclays in Qatar asset management team-up
30th Apr 2012 08:08
Barclays Natural Resource Investments, a division of Barclays Bank, is to team up with the Qatar Asset Management Company to form a joint investment partnership. Under the partnership terms agreed, the Qatar Asset Management Company (QAMC) will co-invest $250m in Barclays Natural Resource Investmen
Read moreAviva to review executive pay
30th Apr 2012 07:06
Insurance giant Aviva is the latest firm to sit up and take note of disgruntled shareholders as it announced a review of executive remuneration practises. It also said that chief executive Andrew Moss, who received a £2.69m package for 2012, would waive his pay rise for the year. It follows a stor
Read moreSunday share tips: Barclays, Berendsen, Galileo Resources
29th Apr 2012 11:40
Barclays had a "good" financial crisis. It did not need a government bail-out and it managed to snap up the investment banking arm of Lehman Brothers at a bargain price after it collapsed. However, with investment banking operations come high salaries. Across the whole sector a lot of value was bein
Read moreCarnwath feels Barclays' shareholders wrath
28th Apr 2012 13:25
More than a quarter of the votes cast at Barclays' annual general meeting (AGM) were in opposition to approving the bank's remuneration report for 2011. Institutional investors flexed their muscles at the AGM, expressing their displeasure at what they saw as out-of-proportion rewards, despite effor
Read moreLondon close: Footsie finishes week strongly, Man Group soars
27th Apr 2012 16:22
- Footsie finishes up five points on the week - Stocks rise despite US GDP data, Spanish downgrade - Man Group jumped 14% after upgrade Following a steep sell-off on Monday, a four-day rise for blue-chip stocks saw the FTSE 100 finish slightly above levels seen last week with financials leading the
Read moreBarclays vows to tilt rewards balance towards shareholders
27th Apr 2012 15:25
Barclays chairman Marcus Agius was heckled at the bank's annual general meeting (AGM) as he talked about the controversial issue of executive pay. With a command of understatement for which a certain breed of British gentleman is renowned, Agius remarked that "remuneration continues to be an issue
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