London midday: Lloyds pulls Footsie higher
5th Aug 2009 11:24
Footsie is in the blue now as financials push ahead again on the back of Lloyds Banking, which is motoring forward. Lloyds Banking shares are up over 13% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June are passed. Impairment charges
Read moreBroker tips: Property stocks, Stagecoach, Reed Elsevier
24th Jun 2009 13:01
Credit Suisse has turned bullish on the UK commercial property sector in the wake of effective monetary, banking and fiscal policy responses. The Swiss bank has raised its rating on the sector from "market weight" to "overweight" in the belief that "the UK economic momentum is better than any other
Read moreBroker snap: Credit Suisse sees hope for property
24th Jun 2009 12:51
Credit Suisse has turned bullish on the UK commercial property sector in the wake of effective monetary, banking and fiscal policy responses. The Swiss bank has raised its rating on the sector from "market weight" to "overweight" in the belief that "the UK economic momentum is better than any other
Read moreFriday newspaper round-up: Gordon Brown, Allen Stanford, BT
19th Jun 2009 06:14
Gordon Brown has signed up to common EU rules for financial supervision but fended off attempts to give new pan-European watchdogs the power to order governments to bail out struggling banks and other bodies. Brown agreed at a summit of EU leaders in Brussels to "a single rulebook" of standards for
Read moreLondon open: Steady start for Footsie
16th Jun 2009 08:39
London's blue have made modest progress despite a tough day on Wall St yesterday with good figures from Tesco giving a boost. Property group's British Land and Hammerson are the best performers this morning, but it is Tesco's figures that catch the eye. Tesco's like-for-like sales growth came in a
Read moreLondon close: Rio bombshell pulls back Footsie
4th Jun 2009 17:03
Rio Tinto dominated late trading as its deal with Chinese giant Chinalco looked all but dead in the water as the mining giant confirmed it is considering its options. A rights issue to raise up to $15bn could be announced as soon as tomorrow according to reports in Australia. Rio shares slumped by
Read moreLondon afternoon: Rio dives on Chinalco rumours
4th Jun 2009 14:27
Disappointment with the Bank of England's decision not to expand its quantitative easing programme prompted a downturn in the market, wiping out the morning's gains. London's blue-chip index is also struggling with the burden of a weak mining sector, which has moved further into the red after rumou
Read moreLondon afternoon: Shares stuck in the red
2nd Jun 2009 14:40
Shares remain in the red after failing to find inspiration on Wall Street, which opened sluggishly. Bank Barclays is nursing a double-digit percentage decline after news of the impending sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC, said that the sale did not represen
Read moreLondon midday: Profit takers move in
2nd Jun 2009 11:55
Profit taking was the theme of the morning as investors reduced equity exposure after yesterday's sharp rise while Barclays tumbled on the revelation that Abu Dhabi's International Petroleum Investment Company (IPIC) is to bank profits on its Barclays stake. Barclays is nursing a double-digit perce
Read moreFriday newspaper round-up: Royal Bank of Scotland, Rio Tinto, AIG
22nd May 2009 06:18
Sir Sandy Crombie, the chief executive of Standard Life and the architect of its demutualisation, is to join the board of Royal Bank of Scotland, The Daily Telegraph has learnt. The appointment of Sir Sandy, 60, who is expected to join RBS in July, will be confirmed on Friday morning. He will beco
Read moreLondon close: Downgrade threat sinks Footsie
21st May 2009 16:35
Footsie closed with triple-digit fall as investors got spooked by fears that the UK may lose its triple-A credit rating. Credit-rating agency Standard & Poor's said: 'We have revised the outlook on the UK to negative due to our view that, even assuming additional fiscal tightening, the net general
Read moreLondon afternoon: Decline picks up pace
21st May 2009 14:36
The Footsie is nursing a triple-digit fall as investors bail out of equities, spooked by fears that the UK may lose its triple-A credit rating. Credit-rating agency Standard & Poor's said: 'We have revised the outlook on the UK to negative due to our view that, even assuming additional fiscal tigh
Read moreSector movers: British Land pulls property stocks lower
21st May 2009 13:28
Real estate is the worst-performing sector Thursday after British Land said its net asset value (NAV) per share slumped 64% last year, while its property portfolio lost almost two-thirds in value. The group's portfolio valuation is down by 28.2% and its NAV per share dropped to 398p. The portfolio
Read moreLondon midday: UK credit rating fear sparks sell-off
21st May 2009 12:00
Fears that the UK may lose its triple-A credit rating has given equities the jitters. Credit-rating agency Standard & Poor's said: 'We have revised the outlook on the UK to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approac
Read moreLondon open: Shares start lower
21st May 2009 08:17
London's top stocks opened lower on Thursday, with Cable & Wireless and British Land leading the fallers after reporting full-year figures. Full-year profit from Cable & Wireless was roughly in line with expectations, but the telecom group forecasts EBITDA of more than £1bn for the current year.
Read more