London midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreBank of England finalises bonus clawback, proposes new rules for individuals
30th Jul 2014 11:14
- BoE can claw back bonuses 7yrs after award - New proposals to hold individuals to account - 'Toughest banking rules in the world' The Bank of England (BoE) has finalised rules on bankers bonuses that could see the clawback of awards a maximum of seven years after they are awarded, with the new me
Read moreAnalysts still upbeat about Barclays despite H1 profit decline
30th Jul 2014 11:07
The stock market gave a warm reaction to Barclays' first-half results on Wednesday, with analysts upbeat about the bank's better-than-expected results. The lender reported a 7% fall in adjusted pre-tax profit to £3.35bn, which it blamed on currency movements and a fall in Investment Bank profitabil
Read moreLondon open: Stocks slip as investors digest earnings, Barclays rises
30th Jul 2014 08:26
- Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors
Read moreLondon pre-open: Small losses expected as market opens
30th Jul 2014 07:46
The FTSE is expected to inch lower at the opening bell, tracking marginal losses in the US overnight which came on the back of the decision by the West to impose further sanctions on Russia over the situation in Ukraine. The top-tier index is predicted to open four points lower than yesterday's cl
Read moreBarclays reports less than expected 12% fall in adjusted net income
30th Jul 2014 07:09
- Adjusted income falls less than expected - Sharp drop in investment banking profits - Strong showings by PCB and Barclaycard Barclays has reported a 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking u
Read moreBank of England to impose tough new bonus clawback rules
29th Jul 2014 15:31
The Bank of England (BoE) has decided to push ahead on its plans for super-tough bonus clawbacks on City bankers. The rules have been described as the toughest in the banking world but also "unreasonable" and even "unenforceable". A BoE consultation paper in March suggested bankers could be force
Read moreWednesday preview: Barclays to report first half results
29th Jul 2014 14:45
Barclays will steal the show on Wednesday when it reports its first half results. The bank is expected to report pre-tax profits of £2.8bn after £500m of additional payment protection insurance (PPI) provisions and £386m in costs of the company's so-called Transform strategy, according to Numis.
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreMonday broker round-up UPDATE
28th Jul 2014 11:06
African Barrick Gold: UBS ups target price from 260p to 290p and maintains a buy recommendation. Deutsche Bank cuts target price from 300p to 280p and reiterates a buy recommendation. Anglo American: UBS downgrades from buy to neutral with a target price of 1700p. Barclays: Nomura cuts target pric
Read moreMonday newspaper round-up: Smith&Nephew, Housing market, Barclays
28th Jul 2014 07:10
Medical device maker Smith&Nephew Chief Executive Olivier Bohuon expects the consolidation process in his industry to continue given that companies need to adjust their cost base. As for him, he does not waste time thinking about such possible tie-ups as such a decision is a matter for the Board to
Read moreLondon close: FTSE in red on geopolitical tensions, data
25th Jul 2014 16:59
- FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downg
Read moreFTSE 100 movers: RBS tops the leaders after surprise H1 profit
25th Jul 2014 15:36
RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and l
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
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