London close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreUBS Hires Three From BarCap For Electronic Currencies Trading
28th Jul 2010 15:35
LONDON (Dow Jones)--UBS AG (AG) has hired three people to bolster its electronic currencies trading business, the firm said Wednesday. The new hires previously worked at Barclays Capital (BARC.LN) and will join in October, based in London, the bank said. Barclays Capital declined to comment.
Read moreGermany's L-Bank Prices EUR1 Bln 2.125% 2015 Bond At 99.892
28th Jul 2010 15:22
LONDON (Dow Jones)--Landeskreditbank Baden-Wuerttemberg, or L-Bank, has priced its EUR1 billion, 2015-dated bond via Barclays Capital PLC, Commerzbank AG, JPMorgan Chase & Co. and UniCredit SpA, one of the banks said Wednesday. The deal is guaranteed by the German Federal State of Baden-Wuerttem
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreUPDATE:L-Bank To Price EUR1 Billion 5-Year Bond At Swaps -0.05
28th Jul 2010 12:34
(Adds details) By Art Patnaude and Mark Brown Of Dow Jones Newswires LONDON (Dow Jones)--Landeskreditbank Baden-Wuerttemberg, or L-Bank, will price its EUR1 billion, 2015-dated bond at five basis points below midswaps, one of the banks running the sale said Wednesday. Pricing will be a
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read moreGermany's SAP Plans Euro-Denominated Bond Issue
28th Jul 2010 11:37
LONDON (Dow Jones)--German business software provider SAP AG (SAP) is planning a euro-denominated bond issue with Barclays Capital PLC and Deutsche Bank AG as joint bookrunners, one of the banks said Wednesday. The bond is expected to launch in the near future, subject to market conditions.
Read moreMARKET TALK: Banks Continue Their Advance; A Change In Trend?
28th Jul 2010 10:59
0959 GMT [Dow Jones] The Stoxx Europe 600 banks index +0.6% at 226.78, having added around 7.5% of gains since the release of the EU-wide stress tests and the relaxation of the Basel III capital requirements. After years of underperformance, and with most investors (apparently) still underweight, a
Read moreGermany's L-Bank Sets Guidance On EUR1 Billion Five-Year Bond
28th Jul 2010 08:50
LONDON (Dow Jones)--Landeskreditbank Baden-Wuerttemberg, or L-Bank, has set guidance on its EUR1 billion, 2015-dated bond between five and four basis points below midswaps, one of the banks running the sale said Wednesday. Barclays Capital PLC, Commerzbank AG, JPMorgan Chase & Co. and UniCredit
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 08:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0719 GMT [Dow Jones] Oriel Securities downgrades Barclays (BCS) to hold from add, and HSBC Holdings (HBC) to add from buy, bu
Read moreMARKET TALK: Oriel Downgrades Barclays To Hold, HSBC To Add
28th Jul 2010 08:19
0719 GMT [Dow Jones] Oriel Securities downgrades Barclays (BCS) to hold from add, and HSBC Holdings (HBC) to add from buy, but maintains target prices. Says Barclays Capital should see revenue cut of 20% in 2Q versus 1Q, while bank now trades 8% above 312p target price. HSBC trading 10% below 730p t
Read moreADR REPORT: Shares Close Mixed Despite Strong Earnings Reports
27th Jul 2010 21:57
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed little changed Tuesday as a weak consumer-confidence reading offset a strong round of corporate earnings. The Bank of New York index of ADRs closed up 0.4% to 126.32. The f
Read moreEconomic Data Trump Strong Earnings For Financial Stocks
27th Jul 2010 16:52
By Jennifer Cummings Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Mixed economic data took the steam out of a rally in financial sector, which led markets higher early in the session Tuesday on a wave of strong earnings reports. Earnings from Regions Financial Corp. (RF) and other financ
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
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