London midday: FTSE maintains strong position
30th Oct 2013 11:44
- FTSE climbs 30 points by lunchtime - Strong start expected in US - MP proposes cap on fees charged on workplace pensions techMARK 2,665.16 +0.34% FTSE 100 6,805.82 +0.46% FTSE 250 15,577.12 +0.27% The FTSE continued to power higher throughout the morning, with a gain of 30 points on the top tie
Read moreBroker tips: Barclays, BP, Regus
30th Oct 2013 11:29
As far as can be gleaned from today's trading statement, Barclays may be delivering early on the asset reduction programme outlined at the time when it announced its rights issue. Crucially, and if one looks at the balance sheet, it is apparent how the leverage exposure declined by £78bn, of which
Read moreBroker snap: Barclays being proactive in reducing balance sheet
30th Oct 2013 10:56
As far as can be gleaned from today's trading statement, Barclays may be delivering early on the asset reduction programme outlined at the time when it announced its rights issue. Crucially, and if one looks at the balance sheet, it is apparent how the leverage exposure declined by £78bn, of which
Read moreLondon open: Next leads FTSE 100 higher
30th Oct 2013 08:21
- Next shares charge higher after Q3 impresses - Tesco and Sainsbury go to court - All eyes on Fed meeting techMARK 2,659.40 +0.13% FTSE 100 6,805.38 +0.45% FTSE 250 15,560.62 +0.16% The FTSE moved higher in early trade today, tracking gains seen in the US overnight ahead of the Federal Reserve p
Read moreLondon pre-open: FTSE to track US markets higher
30th Oct 2013 07:30
City sources predict the FTSE 100 will open around 17 points higher than yesterday's close of 6,774.73, tracking gains seen in the US overnight ahead of the Federal Reserve policy announcement due this evening. The Fed is expected to announce that it will maintain its $85bn in monthly asset purcha
Read moreBarclays reports drop in third quarter pre-tax profit
30th Oct 2013 07:17
- Adjusted pre-tax profits fall - Costs higher due to Transform - CEO says he is "not complacent" Barclays reported a 20 per cent drop in adjusted pre-tax profit to 4.97bn pounds in the third quarter, reflecting a decline in income and costs of a restructuring. Adjusted income for the nine month
Read moreWednesday newspaper round-up: Royal Mail, Barclays, UK energy
30th Oct 2013 06:44
The postal network is heading for an even more debilitating shutdown on Monday after 5,500 staff in the Post Office said that they were to follow 115,000 of their former co-workers at the Royal Mail out on strike. In what looks set to turn into a day of co-ordinated national industrial action, 32,00
Read moreLondon close: Markets pause for breath after recent run
25th Oct 2013 16:46
- UK growth in line with expectations - FTSE 100 holds at five-month high - RBS, banks lead UK stocks higher techMARK 2,639.25 -0.11% FTSE 100 6,721.34 +0.12% FTSE 250 15,491.63 -0.23% Stocks finished broadly flat on Friday as investors adopted a cautious approach ahead of the weekend and refrain
Read moreBarclays found guilty of breaching derivative contract
25th Oct 2013 15:45
Barclays has been ordered to return an estimated 297m dollars to a Black Diamond Capital Management unit after being found liable of breaching a derivatives agreement with the hedge fund. The fund's BDC Finance LLC filed a lawsuit against Barclays in 2008, alleging the bank had defaulted on a $40m
Read moreLondon midday: Markets hold at five-month high after in-line GDP
25th Oct 2013 11:28
- UK growth in line with expectations - German IFO survey misses forecasts - RBS, Tullow, G4S lead markets higher techMARK 2,637.10 -0.20% FTSE 100 6,715.80 +0.04% FTSE 250 15,462.54 -0.41% Markets were rangebound on Friday morning as investors adopted a cautious approach heading into the weekend
Read moreLondon open: Stocks flat ahead of UK GDP, RBS in the lead
25th Oct 2013 08:31
- UK growth expected to pick-up in Q3 - German, US data also in focus - Investors urge Osborne against RBS split techMARK 2,638.50 -0.14% FTSE 100 6,710.89 -0.03% FTSE 250 15,493.44 -0.22% Markets opened broadly flat on Friday morning as investors awaited key economic growth data from the UK and o
Read moreFTSE 100 movers: Sports Direct sinks on Ashley's transaction
24th Oct 2013 14:34
Sports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sank sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discou
Read moreLondon midday: Stocks rise as Chinese manufacturing hits seven-month high
24th Oct 2013 12:10
- Chinese HSBC PMI at seven-month high - Eurozone composite PMI misses forecasts - Sports Direct founder sells 106m-pound stake techMARK 2,629.17 +0.18% FTSE 100 6,706.61 +0.48% FTSE 250 15,526.08 +0.20% UK stocks were performing well on Thursday as some improving data from China fuelled some dece
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreFTSE 100 movers: RSA rises amid heavy volume on bid talk
23rd Oct 2013 14:06
Chip designer ARM Holdings fell for the second straight day as investors gave a cool reaction to its third-quarter results. JPMorgan Cazenove said this morning that it sees "no reason to be building positions at this time and would take profits in the short term". A number of stocks were also trad
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