FTSE 100 Movers: Barclays and RBS take a knock
2nd Sep 2011 12:48
Barclays' share price was heading south despite an upgrade from 'neutral' to 'buy' from stock broker UBS. The broker highlighted "substantial potential value in Barclays if the proposals from the ICB [Independent Commission on Banking] did not precipitate a sharp near-term funding cost as a result
Read moreBroker tips: Barclays, IPR, Go-Ahead
2nd Sep 2011 11:17
Delays to the Independent Commission on Banking's (ICB's) proposal to ringfence banks have prompted UBS to upgrade UK lender Barclays from neutral to buy. The broker highlighted "substantial potential value in Barclays if the proposals from the ICB did not precipitate a sharp near-term funding cost
Read moreBroker snap: Ringfencing risk not immediate, UBS upgrades Barclays to buy
2nd Sep 2011 11:06
Delays to the Independent Commission on Banking's (ICB's) proposal to ringfence banks have prompted UBS to upgrade UK lender Barclays from neutral to buy. The broker highlighted "substantial potential value in Barclays if the proposals from the ICB did not precipitate a sharp near-term funding cost
Read moreFriday newspaper round-up: LSE, central banks, BP
2nd Sep 2011 06:24
The London Stock Exchange has re-opened talks to buy the Anglo-French clearing house LCH Clearnet in an attempt to protect itself against predators. The exchange, which was forced to abandon a transatlantic takeover of Toronto's TMX in June, has made a non-binding offer to buy a majority stake in L
Read moreLondon close: Stocks close higher after choppy day
1st Sep 2011 16:39
The FTSE 100 finished in the blue having flitted between positive and negative territory for much of the day. Wealth manager Hargreaves Lansdown was the star performer after its results. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividen
Read moreFTSE 100 movers: Banks up, miners down
1st Sep 2011 14:24
Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividend by nearly 60%. Elsewhere in finance, RBS, Lloyds and Barclays have powered forward, buoyed by rumours that reform of the banking sect
Read moreLondon midday: FTSE 100 falls but RBS leads banking surge
1st Sep 2011 12:30
London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers. Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its div
Read moreUK financial reform could be delayed as banks scramble to avoid taxes
1st Sep 2011 10:49
Rumours are flying that reform of the UK's financial sector could be delayed until 2015 - after the next election. Reports from the Financial Times and the BBC claim legislation could be passed to split banks' retail and investment arms before 2015 but not implemented until later. Banks have been
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
Read moreLondon close: Miners, banks lead the surge
30th Aug 2011 16:32
The FTSE 100 traded higher on Tuesday, following through on this morning's impressive start, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank Holiday. Royal Bank of Scotland led the risers on the blue chip index after Deutsche Bank upped its rating for
Read moreLondon midday: Stocks keep gains as London catches up
30th Aug 2011 12:06
The top share index is outpacing its continental rivals this morning, though only as it missed out on yesterday's rally due to the Bank Holiday. Speaking of banks, RBS, Barclays and Lloyds are posting good gains. The first set of interim results from media group Perform since it floated in April
Read moreFTSE 100 Movers: RBS at top of the leaderboard
30th Aug 2011 12:02
Banking giants RBS, Barclays and Lloyds were topping the FTSE 100 leaderboard as they headed north after the bank holiday weekend. RBS was performing particularly well after Deutsche Bank upgraded the company from 'hold' to 'buy'. Gold miner Randgold Resources took a knock after its Loulo/Gounk
Read moreLondon open: RBS leads banking rally
30th Aug 2011 08:25
Having missed out yesterday on the strong gains seen on stock exchanges that were open for business, London is playing catch-up today, with the leading share index posting triple-digit gains. Banks are posting strong gains, with RBS up by more than 10% and peers Barclays and Lloyds also in demand.
Read moreFTSE 100 Movers: Admiral directors wade in
26th Aug 2011 13:13
Car insurer Admiral hit rough seas after results on Wednesday disappointed, but the shares are clawing back some losses today, after directors and their family members bought some shares. Admiral Group Chief Executive Officer, Henry Engelhardt, bought 22,845 Admiral Group shares at an average pric
Read moreLondon close: Stocks slide after US jobs disappointment
25th Aug 2011 16:39
After an uncertain start following a raft of mixed company updates, London's leading share index finished firmly in the red as some weak US jobs data set nerves on edge. Unemployment claims in the world's biggest economy unexpectedly rose by 5,000 to 417,000 in the week to 20 August. Traders are n
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