London 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
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon close: Markets rise for eighth straight day, but RBS sinks
21st Oct 2013 16:54
The FTSE 100 hit a two-and-a-half-month high on Monday ahead of the eagerly anticipated US jobs report as markets managed to offset some heavy falls from heavyweight bank RBS. The UK lender dropped nearly 5% today after Chancellor George Osborne was quoted as saying that a decision over a 'good ban
Read moreGuy Hands' Infinis Energy to float in November
21st Oct 2013 15:02
A renewable energy company backed by Guy Hands' Terra Firma Investments plans to float on London's main market next month. Infinis Energy, which generates up to 621 megawatts of power from 147 land-fill gas sites, onshore wind farms and hydro-electric power plants around the UK, aims to list at lea
Read moreLondon midday: FTSE 100 at a two-and-a-half-month high
21st Oct 2013 11:22
The FTSE 100 was trading at its highest levels since early August on Monday morning as equities extended gains made last week following the last-minute US deal to extend the debt ceiling. Upside was limited in morning trade, but London's benchmark index still managed to push past its September high
Read moreLondon open: Stocks edge higher as focus turns towards US data
21st Oct 2013 08:42
UK equites opened slightly higher on Monday morning, following a recent strong run and as traders awaited key economic data from the US later this week. London's FTSE 100 opened just a few points higher than Friday's close of 6,622.59, though this was still the highest finish for the benchmark ind
Read moreLondon close: FTSE 100 hits one-month high
18th Oct 2013 17:02
UK stocks hit a one-month high on Friday on hopes of a near-term continuation of US stimulus, while data from China showed a pick-up in growth. The FTSE 100 broke through the 6,600 level today to finish at 6,622.58, up 46.42 points on the day. The last time the index closed higher was on September
Read moreSector movers: RBS, Barclays lead banks lower
18th Oct 2013 14:01
Banking stocks were mostly under the weather on Friday with domestic lenders Royal Bank of Scotland and Barclays leading to the downside. RBS was being weighed down by some gloomy comments from Investec analyst Ian Gordon, who recommended investors not to own the stock ahead of the bank's third-qua
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