FTSE 100 movers: Sainsbury rises on strong first half
13th Nov 2013 15:14
Supermarket giant Sainsbury rose after boasting of its largest market share for a decade in the first half, helped by fast growth from its own-brand food and an even faster growth of non-food. Utility stocks have put in a good performance today after sentiment was dampened by the Bank of England's
Read moreCourt rules against Barclays and Deutsche Bank in LIBOR lawsuit
8th Nov 2013 15:23
London's Court of Appeal on Friday ruled that Barclays and Deutsche Bank played a role in the global manipulation of LIBOR. The decision could open the door for more companies to bring action against banks over rigging LIBOR, the interest rate which is used to price over $300trn of financial contra
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreThursday newspaper round-up: Banks, Twitter, Africa
7th Nov 2013 07:27
One hundred of the world's largest banks could be dismantled or taken over by more successful rivals within the next couple of years, according to a report by McKinsey & Co.. About a fifth of the world's top 500 banks are at risk of becoming a takeover target due to their underperformance and inabil
Read moreLondon close: Financials lead markets lower as RSA sinks
5th Nov 2013 16:22
- UK services growth accelerated in October - European Commission downgrades Eurozone growth - RSA leads financials lower after gloomy update techMARK 2,647.46 -0.14% FTSE 100 6,746.84 -0.25% FTSE 250 15,367.61 -0.65% UK markets finished slightly lower on Tuesday as upbeat domestic economic data w
Read moreRBS, HSBC to be fined by EU over alleged interest rate rigging
5th Nov 2013 15:53
The Royal Bank of Scotland and HSBC are reportedly among six global banks set to be fined by European Union (EU) antitrust regulators for allegedly rigging benchmark Eurozone interest rates. JPMorgan, Deutsche Bank, Credit Agricole and Societe Generale are also facing penalties, a source told Reut
Read moreFTSE 100 movers: M&S cheers despite falling profits
5th Nov 2013 15:07
Marks & Spencer saw underlying pre-tax profit fall 8.9 per cent to 261.6m pounds in the first half of the year, but since this was not as bad as many analysts were expecting, the stock registed strong gains. The retailer has been investing heavily in the business, incurring extra costs during the
Read moreSector movers: Financials fall as RSA gives gloomy update
5th Nov 2013 13:45
The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update. In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected t
Read moreLondon midday: RSA, financials drag markets lower
5th Nov 2013 11:37
- RSA, G4S, banks lead losses - M&S, Imperial, miners provide some support to markets - UK services growth accelerated in October techMARK 2,636.31 -0.57% FTSE 100 6,723.10 -0.60% FTSE 250 15,367.18 -0.65% A gloomy update from insurance firm RSA and heavy falls across the wider financial sector we
Read moreLondon close: FTSE closes marginally higher as Fed reveals divide
1st Nov 2013 16:22
- FTSE inches higher by close - Barlcays suspends six FX traders - Fed officials reveal their divided opinions - PO staff call off Monday's strike at bigger branches techMARK 2,657.61 -0.17% FTSE 100 6,734.74 +0.05% FTSE 250 15,455.69 -0.16% The FTSE ultimately settled marginally higher after sma
Read moreBarclays suspends traders over foreign exchange market rigging
1st Nov 2013 13:17
Barclays has suspended six traders following an internal investigation into manipulating the foreign exchange market. The traders were suspended yesterday and include workers from across the bank's operations, sources told the Financial Times. Chris Ashton, who oversees the bank's voice-spot trad
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreThursday newspaper round-up: Google, Bank of America, Barclays
31st Oct 2013 07:12
Google on Wednesday declared that it was "outraged" by apparent US government attempts to siphon information about millions of its users from its network, as the latest revelations in the internet surveillance scandal left it struggling to reassure its global users about the security of their person
Read moreLondon close: FTSE almost flat ahead of Fed decsion
30th Oct 2013 16:53
- FTSE closes almost flat, erasing earlier gains - Tracking loses seen in US ahead of Fed decision - Next holds onto position in top spot, Standard Life leads fallers techMARK 2,665.02 +0.34% FTSE 100 6,777.70 +0.04% FTSE 250 15,582.96 +0.31% The FTSE beat a hasty retreat this afternoon erasing m
Read moreFTSE 100 movers: Next rings up top Q3 results
30th Oct 2013 14:55
High Street clothing and homeware retailer Next topped the leader board after it reported an increase in third quarter sales, despite ongoing trading volatility, as it upwardly revised its earnings forecasts for the full year. Sector peer Marks and Spencer was also firmly higher after Kantar World
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