Tuesday newspaper round-up: Bank of England, Barclays, Lloyds
19th May 2009 06:17
The Bank of England revealed yesterday that it had racked up record profits of almost £1bn in the year to February as its fee-earning activities burgeoned amid the global financial and economic turmoil, reports the Times. Lehman Brothers Holdings wants to investigate whether the sale of its US brok
Read moreLondon close: Footsie ends on low note
15th May 2009 16:29
London closed lower after a lacklustre afternoon session with losses on properties and travel companies outweighing gains on miners. Shocking figures from property giant Land Securities on Wednesday still cast a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lowe
Read moreLondon afternoon: Travel companies trip Footsie
15th May 2009 14:10
London continues its gentle downward drift, with losses on properties and travel companies outweighing gains on miners. The market seems unlikely to get any sort of lift from Wall Street which is expected to open moderately weaker. Shocking figures from property giant Land Securities on Wednesday
Read moreFTSE 100 movers: Barclays lifted by iShares talk
15th May 2009 13:17
Barclays did well on hopes it may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division for £6.5bn. Barclays agreed last month to sell its iShares unit to CVC Capital Partners for $4.2bn, but is now reportedly consid
Read moreBroker tips: Banks, M&S, Morgan Crucible
15th May 2009 12:36
Barclays, already fielding bids for its iShares business, was buoyed Friday morning by rumours of a sale of the whole of its asset management arm. US group Blackrock is rumoured to be interested in buying the unit and may be prepared to pay up to $10bn. Little wonder, then, that Keefe, Bruyette
Read moreLondon midday: Rally stalls
15th May 2009 12:15
Weak properties and oils have pitched the Footsie into the red, despite the continued strength of banks and miners. Shocking figures from property giant Land Securities on Wednesday are still casting a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lower but Hammer
Read moreTechnical Analysis Snap: Barclays near its highs
15th May 2009 11:29
Shares in Barclays are higher this morning on speculation that the bank is considering offers for its asset management arm, Barclays Global Investors. It is, however, still quite a way short of this year's high posted last week at around 307p. Since we made these highs, the share price slip
Read moreBarclays up on $10bn BGI sale talk
15th May 2009 09:32
Shares in Barclays jumped on reports that the banking giant is considering offers worth around $10bn (£6.5bn) for its asset management arm Barclays Global Investors. Potential bidders for the BGI division include US money manager BlackRock and Bank of New York Mellon, according to press reports.
Read moreBroker snap: Barclays and HSBC get the nod from KBW
15th May 2009 09:14
Barclays, already fielding bids for its iShares business, was buoyed Friday morning by rumours of a sale of the whole of its asset management arm. US group Blackrock is rumoured to be interested in buying the unit and may be prepared to pay up to $10bn. Little wonder, then, that Keefe, Bruyette &
Read moreLondon open: Banks give Footsie a boost
15th May 2009 08:48
Banks have helped Footsie make a bright start with reports that Barclays is considering new offers for its iShares arm boosting the whole sector. Barclays may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division for
Read moreFriday newspaper round-up: Barclays mulls new iShares offer
15th May 2009 06:16
Barclays may backtrack on a deal to sell its iShares unit to CVC, the private equity group, and instead offload its entire asset management division. The bank is in talks to sell Barclays Global Investors (BGI), which owns the iShares fund management operation, to bidders believed to include BlackR
Read moreLondon midday: Shares tread water
14th May 2009 11:54
It is back to square one for London's blue-chips, with gains on banks and miners cancelled out by losses on oils and telecoms giant BT. Banks suffered some profit taking earlier in the week but are bouncing back, helped by a research note on the sector from Morgan Stanley. The US investment bank ha
Read moreThursday newspaper round-up: BT, Barclays, HSBC
14th May 2009 06:07
BT could face a pension-fund deficit of more than £11bn, according to independent pensions expert John Ralfe. Mr Ralfe estimates that under "true market valuations" the hole in BT's pension could have ballooned to over £11bn - more than the market capitalisation of the former state-owned telecoms co
Read moreLondon close: Footsie takes a dive
13th May 2009 16:31
Footsie gave up its recent indecisive spell to dive into the red after an unexpected fall in US retail sales tempered recent talk that we are on the cusp of an economic recovery. Financial shares were the worst performers in London, not helped by disappointing trading updates from Legal & General a
Read moreLondon afternoon: US retail sales data jolts London
13th May 2009 14:28
Poor US retail sales figures prompted a quickening in the decline of blue-chip prices in London. US retail sales had been expected to rise in April but unexpectedly fell, bringing in to doubt hopes that the US economy is on the mend. Financial shares are the worst performers in London, not helped b
Read more