London open: Korea and Ireland sink markets
23rd Nov 2010 08:50
Renewed hostilities between North and South Korea and fears that the euro-crisis will spread beyond Ireland have made for a poor start on markets across Europe. Economists are lining up up to say the bail-out proposed for Ireland won't be enough to save the eurozone, while North Korea shelling a So
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreLondon close: Late recovery not quite enough
19th Nov 2010 16:57
Shares recovered heading into the weekend but not enough to haul the leading share index into the blue. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, suffered more falls today. Miners continue to
Read moreLondon afternoon: Stocks still struggling
19th Nov 2010 15:31
A poor start on Wall Street has done nothing to help a recovery in London where the leading index is stuck near 5,700. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today.
Read moreFTSE 100 movers: Banks and miners await Irish news
19th Nov 2010 13:49
Banks and miners are weak as the market awaits news of financial help for Ireland. BHP Billiton, Kazakhmys and ENRC head the mining fallers. Standard Chartered, Barclays and Lloyds are all sharply lower. Outsourcer Capita, which yesterday said revenue growth in the second half of 2010 had been su
Read moreLondon midday: Footsie stuck in the red as miners weigh
19th Nov 2010 12:11
Footsie remains firmly in the red amid losses in the mining sector. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today. Miners Rio Tinto, BHP Billiton, Kazakhmys and Angl
Read moreLondon open: Struggle in early trade
19th Nov 2010 08:31
An early retreat follows losses for the mining heavyweights, though it's Capita that leads the fallers Friday. Outsourcing giant Capita yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending. Rio Tinto, BHP Billiton, Kazakhmys and Anglo
Read moreeBay takes Big 4 lenders to task
15th Nov 2010 13:15
Online auction site eBay has joined the chorus of organisations grumbling about a lack of lending to small businesses on the part of banks. The web site's Online Business Index, a bi-annual report into the attitudes and performance of hundreds of online businesses operating on eBay's UK site, indic
Read moreLondon close: Footsie little changed
11th Nov 2010 16:44
Footsie closed little changed, which wasn't a bad result given a triple-digit loss for the Dow when it opened. Ireland was the story breaking as the trading day closed. Yields on benchmark Irish bonds rose to over 9% on reports that the EU might have step in and bail the country out. José Manuel
Read moreLondon afternoon: Financials drag index lower
11th Nov 2010 14:24
An early three-digit loss on Wall Street has the Footsie near its worst levels of the day, with financials the biggest fallers. Insurers Aviva, L&G and Standard Life are deep in the red, as are and RBS and Barclays on fears about Irish debt. Metal heavyweights are limiting the deficit though. Most
Read moreBroker tips: Barclays, Prudential, Schroders
10th Nov 2010 13:08
Nomura expects downgrades to Barclays' consensus numbers after the banking giant's trading update on Tuesday. "We view consensus for fiscal year 2010 and 2011 as too optimistic", says analyst Robert Law. "We estimate £5.35bn for 2010, against a consensus of £5.8bn and have £6.8bn for 2011, against
Read moreBroker snap: Nomura uneasy about BarCap
10th Nov 2010 12:43
Nomura expects the investment analyst community to downgrade earnings projectionss for Barclays after the banking giant's trading update on Tuesday. "We view consensus for fiscal year 2010 and 2011 as too optimistic", says analyst Robert Law. "We estimate £5.35bn for 2010, against a consensus of £5
Read moreLondon midday: Footsie climbs high as results impress
9th Nov 2010 12:21
Footsie has been hitting new highs in line with its pre-financial crisis levels as well-received company results drive the leading share index higher. Barclays is in demand after eked out a small increase in nine-month profit as a doubling of profit at the investment banking arm offset huge impair
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