Wednesday newspaper round-up: Barclays, Cadbury, National Express
11th Nov 2009 06:19
Barclays is considering raising investment bankers' base salaries to avoid the worst of the City regulator's crackdown on bonuses, says the Telegraph. Barclays, which employs 21,900 investment bankers who are on course for an average of £200,000, revealed yesterday it is reviewing its remuneration p
Read moreLondon close: Flat finish for FTSE 100
10th Nov 2009 16:29
Footsie finished slightly in the red having failed to find any sense of direction all day as results sent stocks in both directions. Banking titan HSBC climbed after it said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in
Read moreFTSE 100 movers: Mixed sentiments from top banks
10th Nov 2009 15:22
Banking titan HSBC is top dog today after underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture, especially in the US. In contrast, sector peer Barclays is under the waether despite third quarter profits c
Read moreLondon afternoon: Miners drag Footsie under
10th Nov 2009 14:31
With the US markets opening lower, London has followed suit, despite a strong performance from FTSE 100 index heavyweight HSBC. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture,
Read moreLondon midday: Mixed fortunes for banks
10th Nov 2009 11:58
Despite a slew of company results to pick over the market continues to lack direction, though a good reception to results from index heavyweight HSBC helps underpin the FTSE 100's positive showing. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time la
Read moreSector movers: HSBC cheer offsets Barclays gloom
10th Nov 2009 10:52
Banking is one of the best performing sectors despite mixed results. HSBC leads the sector higher, after saying it is seeing some stabilisation in its bad debts picture, especially in the US, while elsewhere business generally remains strong. "Overall, loan impairment charges and other credit risk
Read moreLondon open: Early improvement
10th Nov 2009 08:33
UK shares have started to edge higher after an initial pause as investors weigh up a flood of results from some of the country's biggest companies. Schroders leads the way following a smaller than expected 19% drop in third quarter profit. The fund manager made a profit before tax and exceptional i
Read moreLondon pre-open: Moderately firmer start seen
10th Nov 2009 07:44
London is expected to open moderately firmer against a background of a busy company results scene. The FTSE 100 is expected to open up around 11 points higher at 5,246. Mobile phone network Vodafone traded in line with expectations during the first half of its fiscal year, raising revenue by over
Read moreBarclays on course despite bad debt spike
10th Nov 2009 06:59
Barclays remains on course for a record-breaking year after third quarter profits came in close to market forecasts. For the three months to September, profits fell from £2.84bn to £1.56bn, giving a nine-month total of £4.54bn (2008: £5,595m), a decrease year on year of 19% (£1,053m). The underly
Read moreTuesday preview: HSBC, Barclays, Vodafone
9th Nov 2009 15:43
A barrage of big company results are due out Tuesday, with the biggest company by market value, HSBC, the heaviest of the heavyweights declaring figures. Third quarter results from the Asia focused banking giant should provide a stark contrast to the figures last week from part-nationalised lender
Read moreBroker snap: HSBC & Barclays preferred to RBS
9th Nov 2009 13:26
Nomura Securities continues to take a cautious stance on rescue case Royal Bank of Scotland and recommends clients should reduce exposure to the stock. 'We do not believe the group has surplus capital, as the apparently significant capital strengthening will be absorbed by further losses and involu
Read moreBroker tips: RBS, Prudential, Cadbury
9th Nov 2009 13:18
Insurance giant Prudential was one of the major risers on Monday morning after a price target upgrade from Dutch broking group ING. ING has upped its target price for the Pru from 392p to 584p, but maintains its 'hold' rating for the shares. The broker is not sold on all insurers, however. 'The re
Read moreMonday newspaper round-up: Cadbury, RBS/Lloyds, Vodafone
9th Nov 2009 06:18
Kraft, the American food company, is poised to initiate a hostile takeover bid for Cadbury today at or slightly above the offer it made in September, which valued the British confectioner at £10.2bn, according to a person familiar with the deal. Last night Kraft was finalising plans to go directly
Read moreSunday newspaper round-up: Barclays, Lloyds, Cadbury
8th Nov 2009 08:36
Gordon Brown yesterday threw his weight behind a "Tobin tax" on financial transactions as a way of taxing and reining in the banks, despite warnings that such taxes are unworkable. "We should discuss whether we need a better economic and social contract to reflect the global responsibilities of fi
Read moreLondon close: Shares shake off US blues
6th Nov 2009 17:15
The Footsie finished a see-saw day in positive territory, shrugging off concerns about the worse than expected US jobless figures, which revealed the US unemployment rate has risen above the 10% level. Banks enjoyed a day in the sun, helped by a positive response to results from Royal Bank of Scotl
Read more