London open: Stocks surge ahead of BoE, ECB meetings
5th Sep 2013 08:13
The FTSE 100 jumped strongly in early trading on Thursday as investor risk appetite increased ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) later on. The Bank of Japan meeting overnight was "a bit of a non-event", according to Market Analyst Craig Erla
Read moreBarclays sets record date for upcoming rights issue
4th Sep 2013 07:09
Barclays said the anticipated record date for shareholders to be entitled to participate in its upcoming rights issue will be the close of business on September 13th. Shareholders taking part in the scrip dividend programme who have decided to take some of their dividend in shares will get them be
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon close: Markets finish lower despite late rally
28th Aug 2013 17:05
Markets rallied in afternoon trade on Wednesday, helped by dovish remarks from Bank of England (BoE) Governor Mark Carney and a decent start on Wall Street, but stocks still finished in the red as escalating concerns about Syria continued to dampen sentiment. The FTSE 100 finished down 10.91 points
Read moreWednesday newspaper round-up: Syria, Nationwide, HSBC
28th Aug 2013 07:09
Britain cannot stand idly by in the face of the morally indefensible use of chemical weapons, David Cameron said yesterday, as he laid out the case for a missile strike against Syria. The White House is preparing intelligence material, including intercepted communications, which it says will prove t
Read moreLondon close: Economists nudge GDP forecasts higher
23rd Aug 2013 16:26
Equities moved moderately higher on the second to last Friday of the summer despite economic figures out in the afternoon which revealed a far larger than expected fall in new US home sales. Somewhat ironically, at least for now that won equity markets a small reprieve from the recent incessant cl
Read moreLondon midday: Stocks rise after UK GDP revision
23rd Aug 2013 12:00
Upwards revisions to UK economic growth in the second quarter gave stocks a bit of a boost on Friday morning, though gains were limited as investors scaled back risk appetite ahead of a long three-day weekend. UK gross domestic product (GDP) growth in the second quarter is now said to have been 0.7
Read moreLondon open: Markets pause after strong rise
23rd Aug 2013 08:39
It was a subdued start for equity markets in London on Friday with the FTSE 100 opening broadly flat as investors adopted a cautious approach going into the long weekend. Stocks were pausing for breath early on after a strong rise the day before on the back of improving economic data from across th
Read moreBanks incur hefty fine after mis-selling insurance in CPP debacle
22nd Aug 2013 10:17
Some of the UK's biggest banks are to pay compensation to some seven million customers after mis-selling credit card and ID theft insurance cover. Customers will receive up to £300 each, with the total bill coming to £1.3bn. The insurance was mis-sold because in most cases it was already provide
Read moreLondon midday: Ex-div stocks drag FTSE 100 to six-week low
21st Aug 2013 11:33
Markets were sharply lower on Wednesday morning as risk appetite was scaled back ahead of this evening's release of the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was trading as low as 6,400 today in London today; the last time it closed below this level was on July 5th when
Read moreLondon open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreMonday newspaper round-up: Tesco, Egypt, JPMorgan, Vodafone
19th Aug 2013 06:47
Tesco is set to introduce its own tablet computer which is expected to be ready for Christmas loaded with books, films and music, The Times reported. Egypt's turmoil threatens to create a potential oil spike that could damage any nascent economic recovery, according to The Telegraph. JPMorgan Chas
Read moreLondon open: Markets rangebound after steep sell-off
16th Aug 2013 08:42
The FTSE 100 opened broadly flat on Friday morning with markets rangebound as sentiment still remained fragile following the steep sell-off the day before. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited concerns that the Federal Reser
Read moreLondon close: Markets lower despite better-than-expected Eurozone GDP
14th Aug 2013 17:27
A return to growth in the Eurozone wasn't enough to buoy markets today with the FTSE 100 finishing down 24.51 points at 6,587.43 after a choppy session. Eurozone gross domestic product (GDP) figures showed that the single-currency region exited a recession in the second quarter by expanding 0.3%, a
Read moreFTSE 100 movers: RBS leads banks higher after Fitch report
14th Aug 2013 14:54
Royal Bank of Scotland Group topped the risers on the FTSE 100 on Wednesday after ratings agency Fitch said that a break-up of the state-backed UK lender into a 'good' and 'bad' bank is increasing unlikely as the costs would outweigh the benefits. Part-nationalised counterpart Lloyds was also making
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