FTSE 100 movers: Admiral leads the way higher
3rd Feb 2012 13:17
Insurance group Admiral jumped into the top spot after extending its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re until 2014. "Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing o
Read moreLondon midday: Admiral leads the rise ahead of US data
3rd Feb 2012 12:03
Stocks were up at the day's best levels by lunchtime following a subdued start, with insurance outfit Admiral leading the charge. Miners on the other hand, are providing a drag, pulling back from their strong showing yesterday on the back of heightened M&A speculation in the sector. Markets were gi
Read moreLondon open: Stocks flat ahead of US data, Admiral jumps
3rd Feb 2012 08:31
London's blue chip stocks were broadly flat in early trading on Friday, with investors cautious ahead of some key non-farm payroll data due out in the US later today. In domestic news, the National Institute of Economic and Social Research (NIESR) predicts that the UK may fall back into recession t
Read moreBarclays to shed positions in investment banking -ALERT
3rd Feb 2012 08:07
Barclays Capital will reduce the number of "senior bankers" in its investment banking arm by 5%, Bloomberg TV is reporting. More to follow ...
Read moreLondon close: Financials surge as macro data lifts sentiment
1st Feb 2012 17:00
- Schroders leads financial stocks higher as risk appetite increases. - Manufacturing data from UK, Europe, US and China well-received. - Greece 'one formal step away' from deal. The Footsie finished with a triple-digit point gain on Wednesday after manufacturing data from across the globe lifted s
Read moreFTSE 100 movers: ARM hits the bottom spot, ICAP soars
1st Feb 2012 13:46
Chip designer ARM Holdings proved to be the day's big faller, pulling back after yesterday's well-received results. The Financial Times' Lex column is today singing the virtues of ARM's "strong fundamentals", but adds that the company's valuation, at 47 times expected earnings, is "through the roof.
Read moreLondon midday: Stocks rise after Eurozone manufacturing data
1st Feb 2012 11:56
Gains were extended by lunchtime after Eurozone manufacturing data suggested that the region may escape a recession. Financials were putting in a strong performance in London, led by ICAP which was rising over 7% at the midday mark. January's purchasing managers' index (PMI) for the Eurozone manufa
Read moreLondon open: ICAP leads strong rise for Footsie
1st Feb 2012 08:23
The Footsie opened in positive territory, rising well above the 5,700 level, after better-than-expected Chinese data and rumours of progress in Greece lifting the mood early on. European markets have opened strongly as investors await Eurozone manufacturing data later this morning. The HSBC China m
Read moreLondon close: Euro worries drag Footsie down 1.1%
30th Jan 2012 17:13
Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks
Read moreFTSE 100 movers: Banks and miners weigh footsie down
30th Jan 2012 13:18
The banks were in the red as the euro crisis drags on, with Lloyds, Standard Chartered and Royal Bank of Scotland (RBS) among the worst performers. Lloyds is rumoured to be shaking up its management structure, according to the Financial Times. Sources quoted by Reuters indicate that an announcement
Read moreLondon open: Banks weigh on Footsie lower early on
30th Jan 2012 08:18
The FTSE 100 slipped towards the 5,700 level in early trade, with the banks providing a drag as investors digested the downgrade of five Eurozone nations and the ongoing talks in Greece. Fitch announced late on Friday to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus
Read moreLondon close: Post-Fed mining surge lifts Footsie up 1.3%
26th Jan 2012 16:41
- Stocks finish near day's best levels. - Miners surge as Fed pledges low rates. - IIF willing to accept coupon rate of below 4% With gold prices jumping to a six-week high on the back of last night's statement by the US Federal Reserve, miners dominated the risers on London's FTSE 100, which clo
Read moreFTSE 100 movers: Kazakhmys leads miners higher
26th Jan 2012 13:42
With the Federal Reserve pledging to do its best to strengthen the US economy last night, the dollar weakened against the euro, sending metals prices higher. As such, the miners were dominating the risers on Thursday afternoon. Kazakhstan-based copper miner Kazakhmys was in the top spot after sayin
Read moreLondon midday: Miners gain after Fed, Polymetal rises on merger rumours
26th Jan 2012 11:50
- Miners surge as Fed pledges low rates. - IIF willing to accept coupon rate of below 4%. - Ireland returns to international bond markets. The Footsie was up 1% by midday with miners leading the advance after the Federal Reserve's move to keep interest rates low last night weakened the dollar and m
Read moreFTSE 100 movers: Ashmore rises on Barclays upgrade
25th Jan 2012 13:34
Investment manager Ashmore was the best performer, rising over 5%, bouncing back after a poor performance yesterday on the back of a downgrade from Royal Bank of Scotland. Today, however, the stock was given a boost after Barclays upgraded it to overweight from neutral. ARM Holdings, the chip desi
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