London close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read moreCable renews call for banks to split
8th Sep 2010 12:45
A rift could be growing within the coalition government over the future of the UK's banks after business secretary Vince Cable again called for a split of their retail and investment businesses. Commenting after the appointment of Barclays' investment bank head Bob Diamond as the bank's new chief e
Read moreLondon midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreWednesday newspaper round-up: Barclays, HSBC, BP...
8th Sep 2010 06:34
The appointment of Bob Diamond as chief executive of one of Britain's biggest banks has split the coalition along party lines, it emerged last night. Downing Street and the Treasury ? both of which were told of the appointment before it was announced ? insisted that they were relaxed about the prom
Read moreLondon close: Winning streak ends
7th Sep 2010 16:48
London's leading share index gave up a winning streak that lasted all last week and continued yesterday. The day started sluggishly and continued in that vein after a lower start on Wall Street. Takeover talk provided much of the excitement, with bid speculation about engineering group Invensys an
Read moreFTSE 100 movers: Takeover talk dominates
7th Sep 2010 15:25
Takeover rumours continue to dominate the Footsie. There is talk of engineer Invensys becoming the subject of a 350p a share bid from a larger rival, while there is thought to be Chinese interest in Tullow Oil with a £20 a share bid figure suggested. The bid rumour-mongers appear to have moved on
Read moreLondon afternoon: Bid rumours relieve the gloom
7th Sep 2010 14:02
It's a case of 'another day, another bid rumour' for London, with bid speculation about engineering group Invensys and oil explorer Tullow Oil providing a bit of cheer to a subdued market. The rumour-mongers are suggesting that the UK engineering conglomerate could be the subject of a 350p per sh
Read moreLondon midday: Winning streak in danger
7th Sep 2010 12:02
Footsie ended the morning making its second attempt of the day at a rally but the blue-chip index remains in negative territory and in danger of seeing its winning streak in September come to an end. Expectations of a lower start on Wall Street as the US returns to work after the Labour Day holiday
Read moreNGmorningcall:UK 100 drifts lower, Barclays and Whitbread in focus1
7th Sep 2010 09:46
Overnight Review US: Closed for Labor Day holiday Asia: The Nikkei snapped a four-day winning streak with carmakers spearheading some of the day's biggest losses. The yen's continued strength against the dollar and some profit taking weighed on stocks such as Honda, Toyota and Nissan. Barcla
Read moreLondon open: Rising streak under threat
7th Sep 2010 09:00
London's seven-day run of gains is under threat as blue chips are struggling in the early exchanges. Barclays is lower after it confirmed Bob Diamond, head of its investment banking arm, Barclays Capital, will take over as chief executive when John Varley steps down at the end of March next year. D
Read moreLondon pre-open: Weak start threatens winning streak
7th Sep 2010 07:31
London's seven-day run of gains could end Tuesday as experts predict a bout of selling when trading starts shortly. Futures prices indicate a 17-point drop for the FTSE 100 when business gets underway. There's little by way of company reports to get traders excited, but all eyes will be on the US l
Read moreDiamond gets top job at Barclays
7th Sep 2010 07:02
Barclays has confirmed that Bob Diamond, head of its investment banking arm, Barclays Capital, will take over as chief executive when John Varley steps down at the end of March next year. One of the City's best-paid bankers, Diamond has been running the division since 1997 when it was Barclays de Z
Read moreTuesday newspaper round-up: Barclays, Oracle, Henderson...
7th Sep 2010 06:28
Barclays risks a confrontation with the Government today when it confirms that Bob Diamond, Britain's best-paid banker, is to become its chief executive. The Times has learnt that the bank will announce Mr Diamond, an American who has amassed an estimated fortune of £100m, as successor to John Varl
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