Monday newspaper round-up: LSE, BP, Dividends...
31st Jan 2011 06:44
Stock exchanges in Britain and the US have turned to the security services for help after discovering they were the victims of terrorist plots and attempted cyber attacks that aimed to spread panic in leading global financial markets. The London Stock Exchange has been working with the Cabinet Offi
Read moreThursday newspaper round-up: BP, Soros, banks
27th Jan 2011 06:04
BP and Rosneft have pledged to expand their Arctic development deal after asserting the agreement does not violate the terms of BP's prior tie up with Russian oligarchs. Signing a "strategic framework agreement" on the sidelines of the World Economic Forum in Davos, Switzerland, BP and state-owned
Read moreLondon close: Company updates drive FTSE 100 higher
26th Jan 2011 16:47
Shares closed with decent gains though off their earlier highs, as well-received company updates helped drive the FTSE 100 forward in line with other markets. BG Group was strong after yet another discovery in the Santos Basin offshore Brazil. The latest strike is at Carioca North-East, located in
Read moreBarclays fined again by regulator
26th Jan 2011 12:44
High street bank Barclays has been hit with a £1.12m fine by the Financial Services Authority, its second hefty penalty from the financial regulator in little over a week. Investment bank arm Barclays Capital received the fine for failing to separate its own money from its clients', with at one poi
Read moreBarclays to pay bonuses in cocos
24th Jan 2011 17:47
Barclays plans to revamp the way it pays many of its top-level staff in an effort to give the bank more stability and moving room if it runs in to trouble. The new incoming boss Bob Diamond is reportedly considering issuing contingent convertible bonds, or 'cocos', to more than 1,000 members of its
Read moreLondon close: Shares jump after sluggish start
24th Jan 2011 16:46
Shares put their early indecisiveness behind them to close with good gains after a decent start on Wall Street. Banks were weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms. The political
Read moreLondon afternoon: Stocks edge higher
24th Jan 2011 14:49
After a morning of indecision, leading shares pushed on over the lunch time session, despite the weakness of the banking sector. Banks are weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms
Read moreMonday newspaper round-up: Barclays, Cocoa, Centrica...
24th Jan 2011 06:42
Bob Diamond will stamp his authority on Barclays next month, when the incoming chief executive announces a radical overhaul of the way it pays its top bankers. According to people close to the plans, Mr Diamond aims to use innovative bonds - so-called contingent convertibles, or cocos - to pay a la
Read moreProject Merlin progress stalls
23rd Jan 2011 14:29
Talks between the UK's big banks and the government over the amount they will lend to small businesses have stalled, according to reports over the weekend. Project Merlin, as the plan is known, had been tipped to be unveiled possibly as early as Monday, but last minute hitches mean an agreement may
Read moreLondon close: FTSE 100 dives in late trading
19th Jan 2011 16:40
What started as a sluggish day turned into a bit of a bloodbath with the top share index plummeting ahead of the close. Stocks fell in the US after bank Goldman Sachs' net earnings slumped 38% in 2010 due to a substantial fall in profit in the final quarter Here, publishing giant Pearson was the t
Read moreLondon afternoon: Losses trimmed
19th Jan 2011 14:05
Share prices picked up a tad over the lunch time period, but fallers still outnumber risers by more than two to one among FTSE 100 constituents. Publishing giant Pearson is the top blue-chip performer after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major busi
Read moreLondon midday: FTSE 100 falls back despite cheery updates
19th Jan 2011 12:01
The top share index is still in the red despite well-received company updates, with downbeat news from the retail sector weighing on sentiment. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained
Read moreLondon open: Blue chips flat
19th Jan 2011 08:46
London has made a flat start as investors mull over a stack of results and trading updates. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained their strong trading momentum throughout last year.
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
Read moreLondon afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
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