London close: Marginally positive finish for FTSE, led by LSE
26th Jun 2014 16:59
- FTSE closes up 1.5 points at 6,735.12 - LSE, housebuilders lead - Barclays, StanChart slide - US jobless figure in line techMARK 2,802.12 +0.47% FTSE 100 6,735.12 +0.02% FTSE 250 15,646.83 +1.25% It proved to be a turbulent session for London-listed stocks, with the top tier index ultimately clo
Read moreFTSE 100 movers: LSE and housebuilders lead as Barclays slumps
26th Jun 2014 15:53
LSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
Read moreSector movers: Barclays lawsuit and StanChart update sink banking stocks
26th Jun 2014 15:14
Claims of fraud and a disappointing trading update pushed UK banking stocks firmly lower on Thursday. Shares in Barclays plunged after a lawsuit was filed by the New York State Attorney General against the group's "dark pool" trading division. The complaint was made specifically in relation to it
Read moreLondon midday: Markets erase gains as Barclays and StanChart slump
26th Jun 2014 12:12
- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
Read moreLondon open: LSE and bwin.party lead stocks higher, Barclays slumps
26th Jun 2014 08:40
- LSE jumps after $2.7bn purchase of Frank Russell - bwin.party surges on sale rumours - Barclays facing allegations of fraud - Carney in focus amid housing market concerns techMARK 2,802.08 +0.47% FTSE 100 6,743.00 +0.14% FTSE 250 15,529.44 +0.49% Strong gains from London Stock Exchange (LSE), bw
Read moreAllegations of fraud made against Barclays - UPDATE
26th Jun 2014 07:44
Shares in banking group Barclays plunged on Thursday after a lawsuit was filed by the New York State Attorney General against the group's "dark pool" trading division. The complaint was made specifically in relation to its alternative trading system LX Liquidity Cross following an investigation by
Read moreThursday newspaper round-up: Iraq, RBS, Mortgage lending...
26th Jun 2014 07:24
American, Iranian and Syrian military aircraft buzzed the skies of Iraq yesterday, conducting parallel surveillance missions and airstrikes as the global battle to halt a Sunni militant offensive grew more intense and complex, drawing in old enemies to the same side. While the southward offensive to
Read moreBarclays to be hit by US lawsuit over 'dark pool' fraud
25th Jun 2014 20:27
Barclays is likely to be subject to a lawsuit from the New York Attorney General related to alleged fraud in the bank's 'dark pool' equity-trading business. According to unnamed sources briefing the media, cited as a person familiar with the matter, the legal case will allege fraudulent activity at
Read moreBroker tips: Barclays, BG Group, Marks & Spencer, IP Group
23rd Jun 2014 13:04
Canaccord Genuity has upgraded Barclays from 'hold' to 'buy', hailing the bank's recent restructuring efforts. Analyst Arun Melmane said that plans, which include reducing the size of the investment bank to 30% of risk weighted assets from the current 51%, should contribute to a re-rating of the sh
Read moreCanaccord upgrades Barclays on restructuring plans
23rd Jun 2014 09:26
Canaccord Genuity has upgraded Barclays from 'hold' to 'buy', hailing the bank's recent restructuring efforts. Analyst Arun Melmane said that plans, which include reducing the size of the investment bank to 30% of risk weighted assets from the current 51%, should contribute to a re-rating of the sh
Read moreSunday newspaper round-up: Tesco, AstraZeneca, Asos
22nd Jun 2014 13:02
Some of Tesco's biggest shareholders have complained to the retailer's senior independent director (Sid) about its strategy and management, the Sunday Times said. An unidentified top 10 shareholder said it expressed its concerns with the Sid, Patrick Cescau, and not Tesco's Chairman, Sir Richard Bro
Read moreLondon pre-open: Flat start ahead of May public finance figures
20th Jun 2014 07:40
A flat start is expected on the FTSE 100, although there could be a very modest gain of a point or two, following yesterday's close of 6,808.11. That follows a mixed finish in the US last night and as investors balance Wednesday's Fed statement with nerves about the situation in Iraq. According
Read moreBarclays' head of wealth division resigns
19th Jun 2014 17:14
Barclays' Chief Executive of the wealth management division, Peter Horrell, is stepping down from the bank later this year. His resignation comes as part of an overhaul of the UK lender's wealth operations. Horrell, who has been with the bank for 23 years, has been in the role since last September
Read moreSunday newspaper round-up: TSB float, Barclays, Carphone Warehouse
8th Jun 2014 16:25
Lloyds Banking Group will price TSB at up to £1.44bn when it floats the new bank on the stock market - 10% below the new bank's book value, the Sunday Telegraph said. The valuation is designed to ensure a smooth reception for the initial public offering, making the bank priced "to go". Lloyds thinks
Read moreTwo Great Portland directors sell stock after share awards
6th Jun 2014 14:56
Two directors at Great Portland Estates sold a combined £1.6m in stock, the property company said on Friday. After achieving performance targets set in the firm's long-term incentive plan in 2011, Chief Executive Toby Courtauld and Portfolio Director both sold over half of the shares that were awar
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