London close: Losses trimmed by news from Greece
19th Mar 2012 17:03
- Greek CDS auction finishes in line with expectations - Greece expects GDP to fall 4.5 per cent in 2012 and 0.5 per cent in 2013 - Markets await Wednesday's Budget The FTSE 100 finished only slightly in the red after a positive start on Wall Street, which saw UK stocks trim losses in afternoon tra
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreSunday newspaper round-up: Budget, FTSE 100, Income tax
18th Mar 2012 15:14
It's been a while coming, but good news finally arrived for savers and investors yesterday as strategists forecast that the FTSE 100 may 'double in a decade'. The prediction came from Citi strategists at U.S bank Citigroup, who pointed out that the FTSE 100 total return index has recently reached al
Read moreLondon close: Footsie finishes strongly as banks, miners provide a lift
16th Mar 2012 16:47
- Footsie finishes the week up 1.4 per cent - Eurozone debt crisis eases, US data mixed - Essar closes up 10 per cent The Footsie finished the week strongly, closing not too far off the elusive 6,000 mark, with financials and miners making ground as tensions arising from the Eurozone's debt crisis
Read moreLondon close: Miners drag Footsie into the red
14th Mar 2012 16:40
- Miners outweigh financials to drag Footsie lower - Fed expects 'moderate' growth in 2012 - Osborne considering 100-year gilts UK stocks finished the day slightly lower on Wednesday despite an earlier rise as steep falls in the mining sector offset a strong performance by the banks and insurers. T
Read moreFTSE 100 movers: Legal and General divi rise sends shares soaring
14th Mar 2012 14:07
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's decision to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
Read moreLondon open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreLondon close: Stocks finish up, China and Eurogroup in focus
12th Mar 2012 16:34
- Stocks jump into the blue late on - China records worse-than-expected trade deficit - Resource stocks fall on Chinese demand concerns London's blue chip index managed to finish the day in positive territory despite swinging between gains and losses for most of the session. Concerns over the globa
Read moreFTSE 100 movers: Morrisons rises on investor hopes
12th Mar 2012 15:02
Morrisons leads the risers as investors pin their hopes for the stock on a series of new concepts being unveiled today at an investor meeting. Hot on its heels was cruise operator Carnival after being upgraded by Exane BNP Paribas from under-perform to out-perform. On Friday, the firm reported a
Read moreLondon midday: Financials provide a drag, Chinese data disappoints
12th Mar 2012 12:10
- Chinese deficit figures disappoint. - Eurogroup meet in Brussels to sign off on Greek bailout. - Former RBS directors sued. Some disappointing economic data from China took the shine off a better-than-expected US jobs report on Friday, as the Footsie opened the week on a dull note with stocks sli
Read moreBarclays picks up Diamond's tax bill
9th Mar 2012 15:36
Barclays has revealed that three of its executives were rewarded with pay and bonuses worth over six million pounds each for their work in 2011. Chief Executive Officer (CEO) Bob Diamond was given a total of £6.3m in remuneration, which includes a £1.35m basic salary, a £2.7m deferred bonus in shar
Read moreLondon close: Stocks rebound as Greek debt-swap looms
7th Mar 2012 16:35
-Greek debt-swap participation rate estimated at 58%. -Greek government confident of achieving rate of at least 75%. -Admiral surges after full-year results. London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadlin
Read moreLondon midday: Stocks edge higher, markets await Greek debt-swap
7th Mar 2012 11:25
- Admiral jumps 11% as outlook improves. - BATS, CRH, Serco down after going ex-dividend. - Markets await the Greek debt-swap deadline. Following a shaky start, London's FTSE 100 index looked to have found its direction by midday, trading three tenths of a percent point higher following the sell-of
Read moreLondon close: Footsie drops nearly 2 percent on Greek worries
6th Mar 2012 16:57
- Uncertainties surrounding Greek debt-swap participation. - Oil falls as EU restarts talks with Iran. - Polymetal tumbles after UBS downgrade. Global stock markets tanked on Tuesday on the back of speculation that the Greek debt-swap may not receive as many acceptances as hoped for. The miners wer
Read more