London close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreSector movers: Banks rebound after sharp falls
18th Sep 2013 14:26
Stocks in the banking sector were among the highest risers on Wednesday as share prices rebounded following some heavy falls the day before. UK domestic bank Lloyds was towards the top of the pack on the FTSE 100 after bearing the brunt of the selling action on Tuesday. Shares in the part-nationa
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreBarclays' shares trading above theoretical ex-rights price
18th Sep 2013 09:00
Barclays stock price plunged on Wednesday morning after beginning to trade without the right to buy shares in its 5.95bn pound rights issue. Nevertheless, while the shares are falling sharply from their official closing price on Wednesday they are above their theoretical ex-rights price. The bank
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreLondon close: Investors take profits ahead of Fed decision
17th Sep 2013 17:01
Stocks extended losses by the end of trade on Tuesday as investors trimmed positions ahead of the much-anticipated Federal Reserve policy meeting tomorrow. Weighing on markets were heavy falls in the banking sector, with Lloyds sinking after the government placed a 6% stake at a 3.1% discount to ye
Read moreFTSE 100 movers: Utilities rise on cautious investing
17th Sep 2013 14:50
Utilities stocks Severn Trent and United Utilities were on the rise as investors grew cautious as the US Federal Reserve begins its two-day meeting during which the central bank will debate whether the economy has improved enough to start scaling back its monetary stimulus. Randgold Resources was
Read moreSector movers: Banks fall as government starts Lloyds sell-down
17th Sep 2013 14:36
Banking stocks were among the worst performers in London on Tuesday with Lloyds sinking after the government began to sell-off its stake in the lender five years after its state bailout back in 2008. The UK Financial Investments, the company that manages the government's investments in Lloyds and f
Read moreLondon midday: Markets retreat from six-week high as banks fall
17th Sep 2013 11:23
The upcoming all-important policy decision by the Federal Reserve prompted an element of caution on stock markets across Europe on Tuesday, with the FTSE 100 pulling back from a six-week high. Banking stocks were among the notable fallers in London with Lloyds sinking after the government placed a
Read moreLondon open: Banks lead markets lower ahead of FOMC meeting
17th Sep 2013 08:14
Following a strong start to the week, investors turned cautious ahead of the conclusion of the Federal Open Market Committee (FOMC) meeting tomorrow afternoon as markets ready themselves for one of the most closely-watched US policy decisions in recent years, given rising expectations that the Fed w
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreFTSE 100 movers: Fresnillo plunges on levy concerns
16th Sep 2013 14:40
Precious metals miners Fresnillo has plummeted on concerns over levies on the mining sector in Mexico. "All of Fresnillo's seven operational mines are in Mexico, leaving it heavily exposed to such an increase in its tax burden," said Financial Sales Trader Max Cohen from Spreadex. Sector peer ENRC
Read moreBarclays reports five per cent drop in adjusted year-to-date income
16th Sep 2013 13:59
Barclays said Monday that its adjusted income for July and August was lower than in the same period of the previous year, resulting in a five per cent year-on-year decline in adjusted income for the eight-month period to August 31st. The banking giant said adjusted income fell £500m in those two m
Read moreBarclays faces fine for breaching market listing rules - UPDATE
16th Sep 2013 12:18
Barclays has confirmed reports that it is facing a 50m-pound fine for allegedly breaching market listing rules over its capital raisings. The Financial Conduct Authority (FCA) is seeking the penalty against the lender for allegedly failing to disclose enough details to the stock market about its £1
Read moreMonday broker round-up
16th Sep 2013 12:13
AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy
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