FTSE 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
Read moreBanks commission small business credit research
6th Sep 2010 17:01
The biggest British banks have commissioned a report that will profile the creditworthiness of their small business customers. The banks hope the report will head off criticism of their lack of lending. The banks argue that they are only turning away the risky proposals but small business organisa
Read moreLondon close: Footsie tops up gains
6th Sep 2010 16:50
Footsie consolidated last week's strong performance with another day of gains, though trading was subdued with the US closed. Telecoms group Cable & Wireless Worldwide was the best performer on a weekend report Singapore Telecom is eyeing up the telephony group. Bid speculation also buoyed Home R
Read moreLondon afternoon: Bid talk enlivens subdued session
6th Sep 2010 14:07
Leading shares remain moderately firmer on balance, but with the US markets closed and with a paucity of corporate news in the UK to get the juices flowing, trading is subdued. Telecoms group Cable & Wireless Worldwide is the best performer on a weekend report Singapore Telecom is eyeing up the tel
Read moreLondon midday: Languid London ambles higher
6th Sep 2010 12:15
Footsie finished the morning in positive territory, raising hopes that the blue-chip index can add to its run of five days of rises in succession. It was a quiet morning, however, possibly reflecting the fact that US markets will be closed for the Labour Day holiday today. Telecoms group Cable & W
Read moreMonday newspaper round-up: British Airways, Income tax, Prudential...
6th Sep 2010 06:44
Willie Walsh has identified 12 airlines as potential acquisition targets once he completes the merger of British Airways and Iberia this year. The BA chief executive said that he had held discussions with executives of the Spanish flag carrier about future acquisitions, as he seeks to lead a wave o
Read moreHSBC could leave UK if forced to split
3rd Sep 2010 07:23
HSBC has joined other banks in warning it could leave the UK if the Commission on Banking recommends the break-up of the country's major banks. In much more explicit comments than its rivals, Stuart Gulliver, the head of HSBC's investment banking business and a possible future chief executive of th
Read moreFTSE 100 movers: TUI continues downward journey
11th Aug 2010 15:39
There are few risers in the Footsie as TUI Travel continues to head the fallers. Package holiday firm Thomas Cook followed up yesterday's disappointing trading statement by TUI with one of its own. Thomas Cook warned that full-year profits will be at the low end of forecasts due to softer UK booki
Read more