London midday: Footsie up 0.5% as miners rise
16th Dec 2011 11:47
The Footsie extended gains by midday, with miners leading the advance, despite some gloomy comments by leaders in the Eurozone. The blue chip index was trading just 27 points higher by lunchtime, up 0.5% at 5,427, while bourses in Europe edged lower. EUROZONE WORRIES CONTINUE France may have ente
Read moreLondon open: Miners provide a lift early on
16th Dec 2011 08:19
The Footsie opened moderately higher on Friday morning, with financials an miners providing a lift. Miners were among the best performers early on. In other news, the Managing Director of the International Monetary Fund has said that the world is facing similar threats seen in the Depression: "econ
Read moreFitch downgrades several global banks including Barclays
16th Dec 2011 08:18
Fitch Ratings has downgraded some of the major global banks due to the growing risks for financial markets arising from both economic developments as well as a "myriad of regulatory changes". Specifically, the agency cut Barclays and Credit Suisse by two notches (to AA- from A) and the ratings of
Read moreBarclays Capital to sell €1bn in assets, FT says
16th Dec 2011 07:49
Barclays Capital is reported this morning to be planning the sale of more than €1bn worth of German apartments. That would be one of Europe's largest residential property deals since the start of the financial crisis, the newspaper adds. However, it also coincides with the asset disposals announc
Read moreFriday newspaper round-up: Barclays, Deutsche Bank, Taxes, Portugal
16th Dec 2011 06:50
Christian Noyer, the governor of the Bank of France, said that Britain faced larger national debts, higher inflation and slower growth than France. François Baroin, the finance minister, said Britain was "marginalised" and faced "a very difficult economic situation" because of Coalition policies. Th
Read moreLondon close: Footsie drops 1.8% on Eurozone worries
12th Dec 2011 16:46
London's Footsie finished at its lowest levels of the day after Wall Street bourses opened sharply in the red. The Eurozone crisis appeared to be weighing heavily on investors' minds (as usual) following some downbeat comments from Moody's. The FTSE 100 finished 1.8% down at 5,428, some 101 points o
Read moreLondon midday: Stocks continue to fall, banks tumble
12th Dec 2011 11:49
The Footsie was trading just below the 5,500 level at midday, with banks and miners providing a drag on London's blue chip index. It seems that markets across Europe have given a lukewarm reaction to the 'fiscal compact' agreed by (some) EU leaders late last week, with indices in Paris, Frankfurt an
Read moreLondon close: Banks provide a boost after summit
9th Dec 2011 16:45
The EU summit has of course dominated markets today and investors have taken the news reasonably well, with benchmark indices across Europe finishing between 2-3% higher after Eurozone nations (and some others) reached an agreement on enhancing fiscal discipline and strengthening economic policy coo
Read moreFTSE 100 Movers: Banks and miners head north
9th Dec 2011 14:44
The banks - Lloyds, RBS and Barclays - took the top spots, rising around 3% each, as markets digest last night's developments from the EU summit. Mining peers Fresnillo, ENRC, Kazakhmys, Xstrata and Antofagasta were also making gains. EU leaders have failed in a bid to make changes to the treatie
Read moreLondon midday: Footsie extends gains, banks jump
9th Dec 2011 12:02
A strong performance by the banks and the miners lifted the FTSE 100 into positive territory by lunchtime, despite a fall early on, as markets digest last night's developments from the EU summit. Bourses across the Eurozone were all in the blue ahead of the conclusion of the meeting this afternoon.
Read moreLondon open: Stocks flat, trading cautious after summit
9th Dec 2011 08:29
It was a flat start for the Footsie as investors digested the details coming from last night's pivotal summit, in which leaders failed to make sweeping changes to treaties which govern all 27 members of the European Union. EU SUMMIT DISAPPOINTS Britain blocked an agreement that would apply to all
Read moreLondon close: Stocks plummet after ECB
8th Dec 2011 16:43
The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its
Read moreNo more loans in India, says Barclays
8th Dec 2011 14:35
Banking giant Barclays is to stop giving retail loans in India, a decision which those involved in the plans say could result in 200 job cuts back in the UK. The move is part of Barclay's shift in focus to its deposit, wealth management, investment and corporate banking business in South Asia. I
Read moreFTSE 100 Movers: Banks fall on negative news from Europe
7th Dec 2011 15:13
Miners continued to rise following a strong morning trade, with Randgold Resources leading the way after gaining over 3% and Eurasian Natural Resources not far behind. Although not on the top 10, Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta were also performing well. However, banks were n
Read moreLondon midday: Stocks pare gains, euro in focus
7th Dec 2011 11:49
The Footsie was trading well below its intraday high of 5,626 reached in early trading. However, the index was still making moderate gains - up 0.33% at 5,587 by midday - on fresh optimism over the Eurozone, as leaders draw up plans to increase the region's firepower against the crisis. Miners domi
Read more