London midday: Stocks treading water
4th Dec 2009 12:17
Share prices are stabilising at lower levels as investors wait on the big US jobless announcement due at 1:30pm. Banks are on the back foot after a lukewarm note on the sector from JP Morgan. The US bank is particularly down on part-nationalised bank Royal Bank of Scotland, which it advises its cli
Read moreLondon close: Shares drop again in late trading
30th Nov 2009 16:32
London's blue chips recovered most of their losses in late afternoon trading and looked like they could be set for a positive finish before turning down again just before the close. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remained nervous about the debt situation
Read moreLondon afternoon: Banks pare losses
30th Nov 2009 14:36
Leading share prices are still holding steady at lower levels as investors await further developments from Dubai. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remain nervous about the debt situation in emirate, though the morning's losses have been pared. HSBC defie
Read moreLondon midday: Share prices steady down
30th Nov 2009 12:09
UK share prices are stabilising at lower levels after hopes of a continued rebound from the Dubai-inspired shake-out on Thursday were quashed by disappointing UK consumer confidence figures. Figures from market research firm Gfk NOP showed consumer sentiment fell to -17 from -13 in October. Middle
Read moreLondon afternoon: Equities drift lower
20th Nov 2009 22:49
Around two thirds of the Footsie's constituents are in the red today as the blue-chip index looks set to finish the week lower than it started it. US bank Morgan Stanley has rained on the parade of package tour operators Thomas Cook and TUI Travel. The bank has cut its rating on both stocks, prompt
Read moreLondon close: Volatile Footsie closes lower
20th Nov 2009 16:34
Footsie ended slightly in the red after a topsy-turvy day which saw UK shares at the mercy of the US dollar. Shares in miner Antofagasta resumed their position near the top of the leaderboard after a brief dip into negative territory that came as commodity prices slipped in line with strength in th
Read moreLondon midday: Holiday firms in the shade
20th Nov 2009 12:11
Leading shares lack direction, with Footsie's early advance turning into a retreat, as early gains on mining stocks are pared. The outlook for package tour operators Thomas Cook and TUI Travel is as miserable as London's weather, according to US bank Morgan Stanley, which has cut its rating on both
Read moreLondon open: Miners lift Footsie again
20th Nov 2009 08:51
After yesterday's shake-out, London's leading shares have started on a bright note. Miners are leading the way. They are essentially proxies for movements in the dollar at present. The US currency falls, miners go up and vice versa. The miners are up today as the dollar has dropped back from yester
Read moreLondon close: Four-day rally is over
17th Nov 2009 16:31
The leading index finished near its worst levels of the session as weaker banks and mining heavyweights brought a 4-day winning streak to an end. The dollar's bounce off Monday's 15-month low hurt metal prices. Federal Reserve chairman Ben Bernanke said last night that the Fed will conduct policy i
Read moreLondon afternoon: Inflation concern rears its head
17th Nov 2009 14:10
A rise in UK inflation has raised the prospect of an end to the Bank of England's quantitative easing programme and added to an already downbeat mood in the equity market. UK inflation increased for the first time in eight months in October following a rise in oil prices and a stronger pound. The C
Read moreBroker tips: Barclays, British Land, C&W
17th Nov 2009 13:00
The Barclays share price has undergone a correction since Qatar's sovereign wealth fund sold half of the warrants it holds in the UK bank back in mid-October, meaning the shares trade barely above Nomura Securities' estimate of year-end tangible book value per share (TBVPS). The broker has raised i
Read moreBroker snap: British Land premium to NAV unsustainable
17th Nov 2009 12:58
The increase in net asset value per share reported by property group British Land was slightly less than the market was expecting, Killik & Co. reckons, while the broker still has concerns about the outlook for the UK commercial property market. 'Valuation increases are currently being driven by a
Read moreLondon midday: Footsie still stuck lower
17th Nov 2009 12:11
Footsie remains a few points in the red despite some gains on the back of company updates. Inter dealer-broker ICAP is up despite interim profits falling as it added that trading activity had picked up in September. Telephone giant Cable & Wireless is top of the pile on news it is to demerge into
Read moreFTSE 100 movers: British Land NAV disappoints
17th Nov 2009 10:57
The increase in net asset value per share reported by property group British Land was slightly less than the market was expecting, broker Killik reckons, while the broker still has concerns about the outlook for the UK commercial property market. 'Valuation increases are currently being driven by a
Read moreLondon open: Dull start for Footsie
17th Nov 2009 08:38
London has followed the lead of Asian markets and opened lower despite an overnight gain of over 130 points for the Dow. Telephone giant Cable & Wireless is the best performer. It is to demerge into two separately listed companies by next March and will raise £200m through a convertible bond issue
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