London close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreBroker tips: UK banks, GKN, Kingfisher
15th Sep 2011 12:47
Nomura has upgraded banking giants HSBC and Barclays to buy, but downgraded Lloyds to neutral, after assessing the Independent Commission on Banking (ICB) report and Eurozone risks. "In our view, [HSBC's] relative performance will depend on risk appetite and in particular sentiment towards official
Read moreBroker snap: Nomura upgrades HSBC and Barclays, downgrades Lloyds
15th Sep 2011 12:14
Nomura has upgraded banking giants HSBC and Barclays to buy, but downgraded Lloyds to neutral, after assessing the Independent Commission on Banking (ICB) report and Eurozone risks. "The publication of the final ICB report reduces some of the uncertainty facing UK banks, although at the expense of
Read moreBarclays could sell University Partnerships, FT says
15th Sep 2011 08:06
Barclays Capital is close to selling its majority stake in Britain's University Partnerships Programme, Reuters reports citing the Financial Times newspaper. The deal could be worth close to £1bn. AB
Read moreWednesday newspaper round-up: Banking reforms, News Corp, Intel
14th Sep 2011 06:30
Proposals for sweeping reforms to Britain's banks have reignited speculation that some big lenders may move their operations abroad. HSBC and Barclays have been given an incentive to shift all or part of their businesses overseas after the recommendations in Sir John Vickers' report on banking, anal
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
Read moreLondon open: M&B leads the rise after offer rejection
13th Sep 2011 08:32
Reports that China is planning to provide support to the Eurozone helped UK stocks higher on Tuesday morning, following a late recovery on Wall Street last night. Wall Street's rally was prompted by reports that Italy's government is negotiating with the Chinese government in the hope that Beijing
Read moreLondon close: Miners, banks unwanted as Footsie falls 1.6%
12th Sep 2011 16:28
Despite finishing over 1% down, the FTSE 100 managed to pull back slightly despite a broad sell-off across Europe and a mixed start on Wall Street. Concerns over Europe's sovereign debt crisis were escalated today on speculation that Greece is headed for a default. Meanwhile, Greece's prime ministe
Read moreLondon midday: Stocks stuck lower but Lloyds bucks trend
12th Sep 2011 12:03
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue. The UK has its own concerns though after the government-appointed Independent Commission on Banking has said British banks should separate their retail bank
Read moreLondon open: Stocks tumble after banking report
12th Sep 2011 08:24
Footsie has dived more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Commission o
Read moreLondon pre-open: Triple digit fall as market digests ICB report
12th Sep 2011 07:32
The Footsie is set to dive more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Com
Read moreSunday newspaper round-up: Death of 'peak oil', UK stimulus, Derby
11th Sep 2011 15:21
"America is poised to become the world's largest oil producer once again ? nearly four decades after it lost the title," writes The Sunday Times. Goldman Sachs, the investment bank, has predicted that US production will hit 10.9m barrels a day by 2017, a one-third rise over its current lev
Read moreLondon close: Stocks dive on euro worries
9th Sep 2011 16:55
The volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
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