London open: Subdued start as markets await UK data
9th Sep 2014 08:39
UK stocks were trading slightly lower on Tuesday morning as investors prepared for a raft of economic data on the British economy. The FTSE 100 was 0.1% lower at 6,830 in early deals, trading in the red for the third straight day. Stocks came under pressure on Monday on the back of growing support
Read moreLondon open: Stocks fall as investors turn cautious ahead of US non-farm payrolls
5th Sep 2014 08:28
The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreFTSE 100 movers: Ashtead leads after raising full-year estimates
3rd Sep 2014 15:59
Equipment rental group Ashtead Group was a top riser after saying it expects to beat full-year estimates after profits jumped by a third to a record high in its first quarter. Results were supported by strong revenue growth and improving margins. Barclays gained after selling its Spanish operations
Read moreLondon close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreBroker tips: Tesco, Barclays, Weir
2nd Sep 2014 13:21
Santander has downgraded its recommendation for Tesco from 'buy' to 'hold' in the aftermath of last week's profit warning and dividend cut. "We continue to believe that there is real deep value in Tesco on a longer term basis, but for the next six months we see the shares as dead money at best." T
Read moreLloyds: The most complained about bank in Britain
2nd Sep 2014 13:20
Figures released on Tuesday showed that Lloyds was the most complained about bank in the first half of 2014. The financial ombudsman, the authority which is in charge of settling disputes between lenders and their customers, received just over 190,000 complaints between 1 January and 30 June, with
Read moreBarclays' Spanish disposal a "welcome positive", says Deutsche Bank
2nd Sep 2014 11:35
The agreement to dispose part of Barclays' Spanish operations to Caixabank is a "modest but welcome positive", according to Deutsche Bank which retained a 'buy' rating for the UK bank on Tuesday. The retail banking, wealth and investment management, and corporate banking businesses in Spain will be
Read moreLondon close: Tesco and HSBC focus investors' attention
1st Sep 2014 17:21
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,858.54 +0.26% FTSE 100 6,825.31 +0.08% FTSE 250 15,957.13 +0.45% Figures showing a manufacturing slowdown in the Eurozone, UK and China capped
Read moreLondon midday: Weak global manufacturing data weighs on UK stocks
1st Sep 2014 12:06
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,855.71 +0.16% FTSE 100 6,816.49 -0.05% FTSE 250 15,922.73 +0.23% Figures showing a manufacturing slowdown in China, the Eurozone and UK were we
Read moreLondon open: Stocks slip on Chinese data, Ukraine tensions
1st Sep 2014 09:11
- Chinese manufacturing PMIs disappoint - Ukraine tensions high after Putin calls for "statehood" - Perform shares jump on Access Industries offer techMARK 2,857.65 +0.23% FTSE 100 6,811.96 -0.11% FTSE 250 15,922.03 +0.23% Weak economic data from China and ongoing geopolitical tensions in Ukraine
Read moreLondon pre-open: Little change expected on FTSE at opening bell
1st Sep 2014 07:47
UK stocks are expected to open little changed, despite a decent session in Asia overnight. City sources predict the FTSE 100 will open just two points below Friday's close of 6,819.75. The Hang Seng, Jikkei and Shanghai Composite all performed well overnight, following a strong finish in the US o
Read moreBarclays loses £500m on sale of Spanish units to Caixabank - UPDATE
1st Sep 2014 07:33
UK banking group Barclays is to offload part of its Spanish business to Caixabank as part of its non-core asset disposal programme, but said it would lose £500m on the sale. The retail banking, wealth and investment management, and corporate banking businesses in Spain - which represent total asset
Read moreMonday newspaper round-up: Barclays, BP, RAC...
1st Sep 2014 07:01
Barclays is selling its Spanish banking operations to CaixaBank as part of plans to shrink its European divisions. CaixaBank, Spain's third-largest lender, will pay €800m (£632m) in cash for Barclays' retail banking, wealth management and corporate banking businesses. - The Telegraph Alexander Teme
Read moreBarclays complaints fall by a quarter in first half
29th Aug 2014 15:08
Barclays said customer complaints fell by a quarter in the first six months of 2014, as cases of mis-sold loan insurance declined. The bank has a worldwide customer base of 48m and it received 284,000 complaints in the first half of 2014, a 26% decrease year-on-year. Complaints about insurance, the
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
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