London open: Sports Direct leads markets lower, Ukraine tensions weigh
8th Apr 2014 08:31
- Ukraine tensions running high - Wall Street sell-off continues ahead of Q1 earnings - BoJ holds steady despite tax hike - Sports Direct slumps, miners gain techMARK 2,725.79 -0.16% FTSE 100 6,609.27 -0.20% FTSE 250 16,217.75 -0.28% Growing tensions in Ukraine pushed UK stocks lower on Tuesday mo
Read moreBarclays settles with UK care operator on LIBOR case
8th Apr 2014 07:29
Barclays has reached a settlement with a UK care operator over claims the bank mis-sold products linked to benchmark interest rates. The lender's employees and previous executives, including former Chief Executive Bob Diamond, had been due to testify in London's High Court on April 29th. It was s
Read moreSunday newspaper round-up: Insurance, Sports Direct, Tesco
6th Apr 2014 08:57
The Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreBarclays, HSBC, RBS sued in US for Forex rigging
2nd Apr 2014 09:00
Barclays, HSBC and RBS are among a group of 12 banks being accused in a US class-action suit for rigging foreign-exchange (Forex) prices. The class-action lawsuit was filed late Tuesday in New York by a group of investors from across the US and the Caribbean and included city and state pension pla
Read moreTuesday newspaper round-up: Weir Group, Marks & Spencer, BT Group
1st Apr 2014 07:12
Engineering group Weir could be on the verge of a blockbuster 8.5bn pound merger with Finnish rival Metso. Like its Scottish rival it manufactures industrial pumps and valves for the global oil and gas mining markets. It is thought that Weir could be prepared to pay as much as 30 euros per share for
Read moreLondon close: Stocks finish in the red as miners, banks, Crimea drag
27th Mar 2014 16:59
- FTSE closes 16.98 points lower at 6,588.32 - Feb UK retail sales rise by more than expected - US jobless claims fall more than expected techMARK 2,763.04 -0.70% FTSE 100 6,588.32 -0.26% FTSE 250 16,202.17 -0.31% Stocks ended Thursday's session broadly lower as both the banking and mining sectors
Read moreFTSE 100 movers: Standard Life rises on Ignis deal
26th Mar 2014 15:24
Standard Life was making decent gains after agreeing on a deal with Phoenix Group to sell the latter's Ignis Asset Management division. Standard Life said the 390m pound acquisition will enhance earnings from the first full year of ownership. RSA is holding near the top of the leaderboard, part of
Read moreSector movers: Lloyds leads banks lower after government share sale
26th Mar 2014 15:16
UK banking stocks were among the worst performers in London on Wednesday with state-backed lender Lloyds leading the decline after the government sold another tranche of its stake. The agency that oversees the taxpayers' stake in the bank, UK Financial Investments, reduced the Treasury's sharehold
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreMonday newspaper round-up: Asda, Ukraine, Bank levy
24th Mar 2014 07:27
Asda will today brief senior management on the results of the review carried out on behalf of the company by consultants McKinsey to equip it for the changing retail landscape. The details of the recommendations, which some have described as a new five-year plan, have not been made public yet. Howev
Read moreSunday newspaper round-up: Life insurers, energy companies, supermarkets
23rd Mar 2014 15:45
The chief executives of some of Britain's biggest life insurers have asked regulators to intervene after the Chancellor's announcement of dramatic changes to the pensions market, the Sunday Telegraph said. The insurance bosses have contacted the Financial Conduct Authority and the Prudential Regulat
Read moreLondon open: Mining stocks provide a lift early on
21st Mar 2014 08:27
- Miners recover after recent slump - Obama imposes more sanctions on Russia - Markets await speeches from Fed officials techMARK 2,803.23 +0.11% FTSE 100 6,565.89 +0.36% FTSE 250 16,219.13 +0.01% UK equities opened slightly higher on Friday as decent gains in the mining sector lifted the resource
Read moreLondon close: Impact of Budget felt on FTSE
19th Mar 2014 16:59
- FTSE closes down 32 points at 6,573 - Focus on Budget, unemployment remains unchanged - Jan Eurozone construction output up by 1.5 per cent techMARK 2,818.76 +0.56% FTSE 100 6,573.13 -0.49% FTSE 250 16,338.84 -0.09% UK stocks finished today's busy session in the red as investors digested the Ch
Read moreBarclays to sell IPRS unit as part of investment bank overhaul
19th Mar 2014 12:49
- Index business could fetch 400m dollars - CME and MSCI have both made bids Shares in Barclays were given a lift by stories that the bank is weighing up the possible disposal of its Index, Portfolio and Risk Solutions (IPRS) unit, with two rival buyers mooted. Selling this unit of its investment
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