Thursday 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
Read moreSector movers: S&P spectre haunting banks
4th Jul 2011 15:11
The Footsie is nestling comfortably above 6,000 but its advance is no thanks to the banks, which are friendless on a resurgence of worries about Greece. Fears that the credit ratings agencies will regard the latest rescue plan for Greece as a default in all but name is putting the wind up holders o
Read moreLondon close: Rally continues as Greek fears ease
30th Jun 2011 16:38
The rally continued Thursday, helping the top share index move back towards the 6,000 point mark it had been flitting around from the beginning of the year until the escalation of the Greek debt crisis. The Greek parliament's second vote on the proposed new austerity measures provided further chee
Read moreSector movers: Lloyds lifts banks, Petrofac weighs on oil services
30th Jun 2011 14:14
Banking giant Lloyds rose nearly 9% on Wednesday afternoon after revealing the details of its strategic review, providing a lift to the banking sector, which was broadly higher. Lloyds is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims includ
Read moreFTSE 100 movers: Lloyds jumps 9% to lead the risers
30th Jun 2011 14:02
Lloyds was the high riser of the day, gaining nearly 9% as of 14:00 on Thursday afternoon, after revealing the details of its strategic review. The group is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims include an investment programme in n
Read moreLondon midday: Lloyds leads the charge
30th Jun 2011 12:02
The top share index is in positive territory again, with Lloyds Banking Group leading the charge after revealing the details of its strategic review. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. The ann
Read moreBarclays offloads £460m of private equity assets
30th Jun 2011 09:19
Banking giant Barclays has agreed to sell a £460m portfolio of US and European private equity interests to AXA Private Equity, as a result of stricter regulations in the banking industry. The portfolio, managed by Barclays Capital, includes investments in private equity funds as well as several dir
Read moreLondon open: Lloyds leads the rise after review
30th Jun 2011 08:37
Lloyds Banking Group was the high riser of the morning after revealing the details of its strategic review. The Footsie opened up near the 5,900 mark, a level not seen since the start of the month. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut i
Read moreLayoffs for Credit Suisse, Barclays, and Goldman Sachs
29th Jun 2011 15:03
The recent drop in business activity has led some financial entities to reduce personnel in their financial divisions, according to information released today. For example, Credit Suisse will cut 600 jobs, according to The Wall Street Journal, and Barclays will lay off 100 workers this month in a
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