Sector movers: Banks and miners lead rally
10th May 2010 16:01
Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at the weekend. Barclays, Lloyds and Royal Bank of Scotland (RBS) all rack up double-digit percentage gains with Asia-focused bank Standard Chartered close behind. Market rumours suggest that RBS is
Read moreFTSE 100 movers: Banks propel index higher
10th May 2010 14:48
Footsie is rising on the back of a strong recovery in banks and financials following the €720bn deal to prop up the euro agreed by EU ministers at the weekend. Barclays, Royal Bank of Scotland and Lloyds are the top three performers. Asia-focused bank Standard Chartered is also rising. Vedanta R
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
Read moreLondon open: Euro deal sends Footsie soaring
10th May 2010 08:57
Stock markets across Europe are powering ahead after EU ministers agreed a €720bn deal to prop up the euro at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 4%, wi
Read moreLondon close: Shares slide after election
7th May 2010 16:48
Shares continued sliding on Friday as the European debt crisis rumbled on and after the previous day's election failed to produce a decisive result. Germany's parliament has approved a rescue package for Greece, but traders are still worried that the debt problems could spread to other countries, i
Read moreLondon afternoon: RBS leads retreat
7th May 2010 14:35
The market rally seen towards the end of the morning session fizzled out over lunch as London joined other European markets in retreat. Prime Minister Gordon Brown has moved into line with Liberal Democrat leader Nick Clegg and agreed that the Conservative party, which won the most seats in yesterd
Read moreLondon midday: Clegg statement calms markets
7th May 2010 12:10
After initially reacting negatively to the prospect of a hung parliament London's leading shares have rallied after Liberal Democratic party leader Nick Clegg said he is sticking with his pre-election view that the party with the most votes - in this case the Conservatives - should have first crack
Read moreLondon close: Greece pulls Footsie down again
6th May 2010 16:43
Footsie ended the day sharply lower as Greece's problems reared up again and investors fretted about the outcome of today's election. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-foc
Read moreFTSE 100 movers: Banks lead market down
6th May 2010 15:33
Banks are leading Footsie downwards after ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, Lloyds, HSBC and even Asia-focused Standard Chartered fell sharply after Moody's said banks in the UK, as well as in Ireland, Italy, Portu
Read moreLondon afternoon: Banks throw a Moody
6th May 2010 14:16
Footsie's morning gains evaporated over the lunch time session as fears over the debt crisis spreading from Greece reared up again. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-focus
Read moreBroker tips: WPP, Standard Chartered, Barclays
4th May 2010 12:58
Panmure Gordon has raised its target price for advertising giant WPP Group though its praise for the group's first quarter performance could not be described as gushing. Panmure Gordon rated the first quarter showing as no more than "reasonable", with the key positives from the update being upgrade
Read moreBroker snap: Barclays a purchase for the long term
4th May 2010 12:40
The first quarter performance by Barclays was a disappointment to Nomura Securities but the Japanese broker is sticking with its positive rating for the UK banking giant. Revenues at the investment banking arm Barclays Capital were lower than Nomura had been anticipating though this was partially o
Read moreLondon close: Weak finish for FTSE 100
30th Apr 2010 16:42
A poor start in the US added to Footsie's woes, sending the leading share index deep into the red by the trade of closing going into the weekend. Mining stocks were a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release over the week-end of the Australian government's review
Read moreLondon afternoon: Miners nervous ahead of Aussie tax review
30th Apr 2010 14:17
An attempt at a rally midway through the lunch time session had fizzled out before traders had finished digesting their midday repast, despite expectations of a firmer start on Wall Street. Mining stocks are proving a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release ove
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