Monday newspaper round-up: Barclays, RBS, Tobacco companies...
11th Feb 2013 06:40
Barclays is preparing to cut at least two billion pounds from its annual cost base of 20bn pounds as part of a strategic overhaul to be presented by the bank on Tuesday, say bank insiders and analysts. The cuts are to focus on a retrenchment from some of Barclays' investment banking operations in As
Read moreSunday newspaper round-up: easyJet, Barclays, Man Group
10th Feb 2013 17:24
The Sunday Telegraph understands Sir Stelios, who with his family owns 36 per cent of easyJet´s shares, is to vote against the re-election of Sir Mike Rake, the Chairman, as well as against the board's remuneration report. In addition, he will abstain against all 18 other resolutions on matters such
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreFriday newspaper round-up: Barclays, EU budget, Chinese trade...
8th Feb 2013 07:02
More than 1,000 investment bankers at Barclays have been told they will not receive up-front cash bonuses this year. Managing directors in the group's investment banking arm were informed that their 2012 bonuses would be deferred for at least a year. The move is part of Antony Jenkins' attempts to r
Read moreRoyal Bank of Scotland expects 'significant penalties' in LIBOR probe
6th Feb 2013 07:32
The Royal Bank of Scotland confirmed Wednesday it was in late-stage settlement discussions with authorities in a LIBOR investigation and expects to pay 'significant penalties'. RBS said it was in final talks with regulators in the Britain and the US in relation to a probe into interest rate rigging
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreLondon midday: FTSE 100 bounces back after sharp sell-off
5th Feb 2013 11:39
Well-received results from ARM Holdings and BP and a decent performance from the banking sector helped the FTSE 100 bounce back slightly after Monday's sell-off. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone dented sentiment: corruption scandals at S
Read moreLondon open: ARM provides a lift early on
5th Feb 2013 08:31
Strong gains from ARM Holdings and BP helped the Footsie rebound on Tuesday from a sharp sell-off the day before. London's benchmark index slumped 100 points on Monday as political uncertainty in the Eurozone dented sentiment: corruption scandals at Spanish Prime Minister (PM) Mariano Rajoy's gover
Read moreLondon pre-open: Small rebound expected after Monday's sell-off
5th Feb 2013 07:46
The FTSE 100 is expected to open just slightly higher on Tuesday morning following a 100-point loss the day before. City sources predict the index will open up five points from yesterday's close of 6,247. Stocks sank on Monday as political uncertainty in the Eurozone dented sentiment: corruption
Read moreBarclays puts a further one billion pounds aside to cover mis-selling
5th Feb 2013 07:07
UK banking group Barclays has put aside a further one billion pounds to cover compensation for mis-sold products in the fourth quarter, the company said on Tuesday morning. Ahead of the group's full-year results next week, Barclays has warned that it has increased its provision for redress relating
Read moreLondon close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreFTSE 100 movers: Randgold Resources ahead on profits
4th Feb 2013 14:45
Randgold Resources was leading the FTSE 100 race Monday after the gold exploration and development company posted a 16 per cent rise in profits for the full year. Production levels for the year also climbed 14% to 794,844 ounces of gold, while quarter-on-quarter profit was up 18% and production up
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreLondon open: Banks weigh on the Footsie early on
4th Feb 2013 08:19
The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013. Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008. "We may see a break in the recen
Read moreLondon pre-open: Stocks expected to pause after recent strong run
4th Feb 2013 07:30
London's benchmark index is expected to open more or less flat on Monday morning, with analysts saying that the impressive rally seen so far in 2013 could be running out of steam. City sources predict the FTSE 100 will open up just a couple of points from Friday's close of 6,347. Since the start of
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