FTSE 100 movers: Banks higher on European results
27th Jul 2010 16:28
Banks are leading the market higher after good results from their European counterpart UBS. Barclays, Lloyds and Royal Bank of Scotland are the top three risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn Swiss francs last time. That was
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreBASE METALS: LME Metals Mixed, Price Correction Seen
27th Jul 2010 11:57
By Rhiannon Hoyle Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Base metals are trading mixed on the London Metal Exchange Tuesday, with copper's price run having stalled and analysts predicting a correction more generally across the complex. The metals have rallied in recent sessions, unde
Read moreLondon midday: Shares edge higher
27th Jul 2010 11:56
London's blue chips are still edging higher, with banks leading the way after Swiss peer UBS beat earnings estimates. Barclays, Lloyds and Royal Bank of Scotland are the top risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn francs last tim
Read moreSector movers: UBS numbers buoy banks
27th Jul 2010 11:39
Banks are buoyant after strong second quarter results from Swiss sector giant UBS. UBS swung to a forecast-beating second-quarter net profit. Net profit came to 2bn Swiss francs from a loss of 1.4bn francs last time. That was well above expectations for a 1.26bn francs profit. Revenue jumped 59% to
Read moreEuropean Bank Shares Rally On Easier Capital Standards
27th Jul 2010 11:08
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European bank shares rallied Tuesday after news late Monday that new international bank-capital standards have been watered down, meaning most banks won't have to immediately raise significant amounts of new capital. Analysts s
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 10:05
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Llo
Read moreMARKET TALK: UK Banks Jump On Basel 3 Watered-Down Rules
27th Jul 2010 10:05
0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Lloyds Banking (LYG) and Barclays (BCS) particularly gaining from new requirements that will see both being able to recognize some minority interest capital as Tier 1 capital. Credi
Read moreLondon open: Strong start for blue chips
27th Jul 2010 08:49
Footsie is making good gains in early trading, though BP, the big story this morning, has not joined in as yet. The oil giant BP confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley. The group also unveiled a $
Read moreBarclays Unit Holds 90.4% Of Tricorona, Acquisition Now Closed
27th Jul 2010 07:43
DOW JONES NEWSWIRES Barclays said Tuesday the recommended cash offer by its subsidiary TAV, to acquire all the shares in Tricorona has been closed. TAV has received acceptances in respect of 90.4% of shares and votes in Tricorona. MAIN FACTS: -TAV has initiated the procedure for the comp
Read moreCORRECT: =Corporate-Bond Investors Snap Up $5 Billion In New Supply
26th Jul 2010 23:15
("=Corporate-Bond Investors Snap Up $5 Billion In New Supply," timed at 5:10 p.m. EDT, misstated the Westpac tranche size and dropped a decimal point in the guidance concerning Alcoa's bonds in paragraphs seven and eight, respectively.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow
Read moreCORRECT: =Corporate-Bond Investors Snap Up $5 Billion In New Supply
26th Jul 2010 23:13
("=Corporate-Bond Investors Snap Up $5 Billion In New Supply," timed at 4:55 p.m. EDT, misstated the Westpac tranche size and dropped a decimal point in the guidance concerning Alcoa's bonds in paragraphs seven and eight, respectively.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow
Read moreADR REPORT: Shares Gain As Strong Earnings Reports Continue
26th Jul 2010 21:42
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday on continued enthusiasm over second-quarter earnings, though trading volumes were thin. The Bank of New York index of ADRs climbed 0.9% to 125.84. European
Read more2nd UPDATE: Bankinter Taps 2013 Covered Bond Tap For EUR400M
26th Jul 2010 16:57
(Adds pricing information) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Bankinter SA (BKT.MC) has added EUR400 million to its existing EUR1 billion April 2012, 2.625% covered bond, pricing the tap at 240 basis points over mid-swaps, bankers working on the deal said Mo
Read moreLondon close: US gives Footsie a lift
26th Jul 2010 16:42
Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
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