London close: Debt hopes boost markets
20th Jul 2011 16:39
Shares moved higher on both sides of the Atlantic amid hopes that European and US leaders are making progress towards agreeing solutions to debt problems. It was US corporate news that boosted today's star sector in London though. Chip companies ARM Holdings and Imagination Technologies sizzled aft
Read moreFTSE 100 movers: Barclays leads banks higher
20th Jul 2011 14:05
The banks were leading the Footsie higher on Wednesday afternoon, with Barclays, RBS and Lloyds recouping some of the week's earlier losses. Barclays was the highest riser, gaining 4.54%, but still remains around 3% down over the last seven days. ARM Holdings was in demand with the chip company bo
Read moreLondon midday: Chip stocks sizzle as Apple impresses
20th Jul 2011 12:16
Shares are posting strong gains today as the spotlight moves from Europe's debt woes to the US, where traders are optimistic lawmakers will reach agreement on cutting the world's biggest economy's deficit. Chip companies ARM Holdings and Imagination Technologies in particular are taking their lead
Read moreLondon open: Miners jump higher in early trading
20th Jul 2011 08:42
After a strong finish on Wall Street last night - with the Dow Jones having its best day of the year so far - the Footsie opened up nearly 0.5% higher. Mining giant BHP Billiton was a high riser after it was able to achieve another iron ore output record in the year ended 30 June, its eleventh cons
Read moreLondon close: Banks recover as Footsie gains 0.65%
19th Jul 2011 16:29
The banking sector was winning back investor confidence on Tuesday as shares sharply rebounded, lifting the top share index close to the 5,800 level. Lloyds, RBS and Barclays were in demand, following the sector sell-off yesterday on the back of concerns over the softness of last week's European ba
Read moreFTSE 100 movers: Banks, miners drive Footsie higher
19th Jul 2011 16:10
Lloyds, RBS and Barclays were in demand, following the sector's sell-off yesterday on the back of concerns over the softness of last week's European banking stress tests. Lloyds was the high riser of the day, after announcing that it is aggregating the wholesale markets, treasury and trading, trans
Read moreFTSE 100 movers: Stress tests provide concern for banks
18th Jul 2011 13:55
The banks were the heavy fallers on Monday, as the results of Friday's stress tests on the Europe's banks were seen as too soft. Markets across the continent were disappointed with the tests, with reports from Bloomberg saying that European banks may need to raise up to €80bn of extra capital after
Read moreLondon midday: Stress test results cast shadow
18th Jul 2011 12:15
Stocks are firmly in the red after Friday's European Banking stress tests. Eight European banks failed stress tests drawn up by the European Banking Authority (EBA). Five Spanish banks - Catalunya Caixa, Pastor, Unnim, Caja3 and CAM - and two from Greece - ATEbank and EFG Eurobank - were deemed not
Read moreThursday newspaper round-up: Banks, Bernanke, BSkyB
14th Jul 2011 06:27
Britain's banks have lined up to oppose reforms proposed by the Government's Independent Commission on Banking (ICB). In submissions to the ICB, the "big four" banks - Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group - raised objections or tried to buy time on the ICB's proposals. The
Read moreLondon close: BSkyB, financials provide a drag
11th Jul 2011 16:37
The Footsie dropped over 1% lower on Monday as satellite broadcaster British Sky Broadcasting (BSkyB) and European debt-contagion fears weighed on sentiment. Shares of BSkyB took a tumble as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was pre
Read moreFTSE 100 movers: BSkyB leads fallers, Int'l Power rises
11th Jul 2011 15:11
Shares of BSkyB dropped by6% and was the top loser on the blue chip index on Monday as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was preparing to ask telecoms regulator Ofcom for additional advice. The Australian government's proposal on cl
Read moreLondon midday: Takeover concerns continue to hit BSkyB
11th Jul 2011 12:24
After briefly touching the 6,000 level, the Footsie slumped 30 points lower on Monday morning, with satellite broadcaster British Sky Broadcasting Group (BSkyB) providing a drag. Shares of BSkyB dropped more than 6% and was the top loser on the blue chip index at lunchtime as the potential takeover
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreLondon close: FTSE 100 limps back above 6,000
6th Jul 2011 16:33
The top share index was above the 6,000 point mark at the close of play, but only just after worries over the Eurozone crisis - and global growth - sent stocks lower. The People´s Bank of China's decision to raise its key policy rate by 25 basis points with effect from tomorrow sent markets into re
Read moreLondon midday: Stocks fall back after Portugal downgrade
6th Jul 2011 12:08
Stocks have sunk below the 6,000 point mark as worries set in again over the Eurozone debt situation. The focus has shifted from Greece to the other side of the Mediterranean after credit rating agency Moody's Investor Service has lowered Portugal's rating to junk status, warning the country may ne
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