Sector 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
Read moreLondon 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
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