Tuesday tips round-up: Barclays, AB Foods, Goals Soccer
8th Sep 2009 06:56
While Barclays was not immune to the effects of the credit crunch, it is clearly in much better shape than either Lloyds TSB or Royal Bank of Scotland, and has not yet had to call on the taxpayer for any cash. Brokers have Barclays on an adjusted multiple of just 5.3 times this year's forecast earn
Read moreBarclays starts PPI appeal
7th Sep 2009 12:30
Barclays today went to the Competition Appeal Tribunal to attempt to overturn to the Competition Commission's proposed ban on the sale of payment protection insurance (PPI) alongside credit agreements. Barclays is tackling the ban on two specific issues. 'The main area of concern is the point of sa
Read moreLondon open: Footsie starts flat
3rd Sep 2009 08:17
Footsie is flat in early deals with miners pushing the markets in one direction and financials and defensives dragging it the other. Amongst the major risers so far are miners Randgold Resources, Lonmin, Xstrata, Kazakhmys, Rio Tinto, Fresnillo and Vedanta Resources. the big fallers are RSA Insuran
Read moreWednesday newspaper round-up: RBS, energy firms, General Motors
26th Aug 2009 06:48
The sale of Royal Bank of Scotland's retail and commercial assets in China has hit a stumbling block that could derail negotiations with preferred bidder Standard Chartered, according to people familiar with the matter, according to the Financial Times. Standard Chartered entered exclusive talks wit
Read moreLondon close: Stocks finish ahead
24th Aug 2009 16:23
London's leading shares have finished the day with comfortable gains as miners and banks stole the limelight. Mining giant Rio Tinto is reportedly in talks with the Aluminium Corporation of China (Chinalco) over co-operation in bauxite and alumina production. The Australian Financial Review newspap
Read moreNew non-exec at Barclays buys again
19th Aug 2009 17:28
Reuben Jeffery III, a non-executive director of UK banking giant Barclays, dipped into his pocket to buy 6,000 American Depositary Shares (ADS) at an average price of $22.8398 per ADS. Each ADS represent four ordinary shares in Barclays. The total cost of the purchase to Jeffery was £82,762 and bri
Read moreFat cats back on the news agenda
17th Aug 2009 14:06
Compass, a left wing pressure group, has called for the creation by the government of a High Pay Commission to launch 'a wide-ranging review' of the pay of top bosses and high earners operating in the world of finance. 'Remuneration and performance pay cycles are too short; rewards for failure are
Read moreMonday newspaper round-up: FSA, Barclays, Xstrata
17th Aug 2009 05:58
The Financial Services Authority's efforts to strengthen its supervisory and enforcement work by recruiting hundreds more staff have been thrown off course by the Conservative party's plan to disband the regulator, says the FT. Since George Osborne, shadow chancellor, said last month he would shift
Read moreFriday newspaper round-up: Royal Bank of Scotland, Barclays, Twitter
7th Aug 2009 06:14
The Government made a £1bn paper profit on its 70% stake in Royal Bank of Scotland yesterday on growing optimism that the lender will follow Lloyds today in predicting that the worst is over for the economy. But RBS, the UK's biggest bank in balance-sheet terms, is likely to adopt a more cautious
Read moreLondon close: Financials spark good gains
6th Aug 2009 16:22
Footsie fell back in the afternoon session after the Bank of England increased its quantitative easing programme, but still finished healthily in the blue. Banks continued to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomorrow. It is being
Read moreLondon afternoon: Footsie eases back from day's highs
6th Aug 2009 14:35
Footsie fallen back in the wake of the £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Banks continue to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomo
Read moreSector movers: Banks dominate
6th Aug 2009 13:29
This week's well-received results from Lloyds, Barclays and HSBC continue to keep buyers active. All three are sharply higher Thursday, sending Banks to the top of the tree. Royal Bank of Scotland is also better ahead of tomorrow's interim results. Unilever has given Food Producers & Processors a
Read moreLondon midday: QE increase boosts Footsie
6th Aug 2009 12:13
Footsie has reacted calmly to a surprise £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Insurer Aviva is the best performer and leads a life sector rally despite a 31% cut in the interim dividend. A plan for a
Read moreLondon open: Stocks surge ahead
6th Aug 2009 08:53
London's top stocks charge off the blocks as financials set a fast pace in early deals. Insurer Aviva is the main riser after it cut interim dividend by 31% and announced plans for a partial IPO of its Dutch business. IFRS operating profit fell to £1.05bn for the six months ended 30 June 2009 from
Read moreTuesday newspaper round-up: Royal Bank of Scotland, Barclays, BHP Billiton
4th Aug 2009 06:15
ANZ will buy Royal Bank of Scotland's operations in six Asian countries for US$550m (A$687m). ANZ will buy RBS's retail, wealth management and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, as well as the UK bank's institutional banking businesses in Taiwan, the Philippines a
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