Week Ahead: Danger of Barclays revising targets
28th Oct 2011 13:07
Barclays gets the week off to a flying start with a trading statement which, as usual, is likely to be dominated by Barclays Capital (BarCap), the investment banking arm of the organisation. Credit Suisse expects BarCap to announce "clean" revenues of £1.9bn for the third quarter, down 31% from the
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreLondon open: Flat start for the Footsie
28th Oct 2011 08:40
The FTSE 100 opened flat on Friday morning following yesterday's massive 2.9% gain on the back of strong US economic data and the pivotal Eurozone agreements announced yesterday. SUBDUED START AFTER STRONG DAY ON THURSDAY Stock markets across the globe surged higher yesterday, with the three US b
Read moreLondon close: Big gains on Euro hopes
27th Oct 2011 16:43
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone official
Read moreFTSE 100 Movers: Eurozone agreement buoys market
27th Oct 2011 16:06
Kazakhstan-based copper miner Kazakhmys was rising after reporting that it should meet all output targets for the full year, despite falling production and grades across all its metal groups in the third quarter. The group, which also has interests in gold, zinc, silver and power generation, said
Read moreLondon midday: Double-digit gains for Barclays, RBS
27th Oct 2011 12:04
Stocks are posting big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone off
Read moreLondon open: Markets celebrate euro agreements
27th Oct 2011 08:30
Just one stock was in the red on the FTSE 100 in the opening minutes of Thursday, as markets turned bullish on the back of a three-prongued deal in the Eurozone last night. The blue chip index in London jumped 1.85% early on, joining all major benchmarks across the continent this morning, with indic
Read moreLondon close: Banks buoyed by bailout beef-up
19th Oct 2011 16:50
Footsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper
Read moreFTSE 100 Movers: GKN drops after profits rise just 1%
19th Oct 2011 14:18
GKN was the biggest loser on the FTSE after announcing a pre-tax profit rise of just 1% in the third quarter. After accounting for the final charge of £11m relating to its plant closure in the US, the automotive, aerospace and land systems engineer revealed that pre-tax profit was £89m in the three
Read moreLondon midday: Stocks stay buoyant
19th Oct 2011 11:59
Shares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a
Read moreLondon open: RBS, Barclays and Lloyds lead the way
19th Oct 2011 08:32
Greece has been crippled by strikes. Spain's debt has been downgraded by Moody's. And EU officials say no deal has been reached on scaling up the Eurozone fund. But for now London's leading share index is in positive territory. A 48-hour general strike has been called in Greece ahead of a vote on a
Read moreLondon close: German party poopers bash shares
17th Oct 2011 16:44
It was an another topsy-turvy dominated by changing perceptions of the Eurozone situation, with shares finishing firmly in the red after Steffen Seibert, spokesman for German Chancellor Angela Merkel, suggested that markets were getting carried away with the optimism. Referring to the hopes being
Read moreLondon midday: Euro boost for stocks again
17th Oct 2011 12:08
Stocks are buoyant this morning with attention once again focused on the Eurozone. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will now be looking ahead to a crucial EU summit on 23 October, with Chancellor of the Exchequer George Osborne calling
Read moreSpanish savings banks may be in Barclays' sights
17th Oct 2011 10:30
Rumours have resurfaced regarding Barclays and its interest in acquiring one of more Spanish savings banks, or 'cajas.' Press reports suggest that the British bank could be looking at four different Spanish savings banks as possible acquisition targets. Thus, the Sunday Telegraph pointed out thi
Read more