London open: UK stocks attempt to rebound after recent falls
17th Oct 2014 08:25
UK stock markets recovered slightly on Friday morning as investors looked for bargains in the aftermath of recent volatility, which sent equities to a 16-month low the previous session London's FTSE 100 index was up 0.7% at 6,242 in early deals. Rolls-Royce and Travis Perkins were both trading in th
Read moreLondon midday: FTSE 100 drops another 1.8% as sell-off resumes
16th Oct 2014 11:39
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha
Read moreLondon close: Shares near year-lows as economic woes weigh
10th Oct 2014 15:59
The London market moved closer to year-lows on Friday as crude and metal prices fell amid fears of a renewed global economic downturn. The FTSE 100 Index closed 91.88 points down at 6339.97, slightly above its 2014 low of 6,328, as traders reflected on a week of negative European economic data. The
Read moreLondon close: Stocks end in the red amid downbeat economic data
9th Oct 2014 16:15
London shares ended Thursday on a low note as more economic gloom in Europe overshadowed hints of delays to US interest rate rises. The FTSE 100 closed 50.39 points adrift at 6431.85 after downbeat economic news in the UK and mainland Europe, which included a report showing that German exports in Au
Read moreSector movers: Basic resource shares slide on dollar strength
6th Oct 2014 13:53
Oil and basic resource stocks bore the brunt of selling on Thursday, as markets continued to react to the better-than-expected economic data trickling in from the States with the concomitant robustness in the US dollar which that entails. US durable goods orders declined 18.2% in August following a
Read moreSunday newspaper round-up: Tesco, Supermarkets, BP
5th Oct 2014 17:19
Tesco is planning a boardroom purge after a string of profit warnings and the revelation of a £250m hole in its accounts, the Sunday Times said. The retailer was planning to unveil up to three non-executive directors 10 days ago but the accounting problem put the announcement on hold. Patrick Kenned
Read moreMonday newspaper round-up: Hong Kong, Royal Dutch Shell, BP
29th Sep 2014 07:10
Hong Kong's leader made a dramatic appeal for calm last night, seeking to quash rumours that China's army was preparing to intervene in the pro-democracy protests that brought chaos to the former British colony. With tens of thousands of people blockading the centre of the city last night, several l
Read moreLondon close: FTSE 100 declines as mining stocks fall on dollar advance
25th Sep 2014 17:14
teerngasLondon's top shares tumbled on Thursday as the rising dollar took its toll on mining and energy stocks. The FTSE 100 Index closed 66.56p points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes. Spe
Read moreThursday newspaper round-up: RBS, GSK, Barclays, BP
25th Sep 2014 07:08
Sir Philip Hampton, the chairman of Royal Bank of Scotland (RBS) is to quit his role at in charge of the bank and take on the same role at pharmaceutical company GlaxoSmithKline (GSK), The Guardian reported on Thursday. Confirming rumours reported here on Wednesday, Hampton will succeed Sir Christop
Read moreLondon open: UK stocks slip ahead of inflation data, Asos drops
16th Sep 2014 08:40
UK stocks opened in the red on Tuesday as investors continued to tread cautiously ahead of a Federal Open Market Committee (FOMC) decision and vote on Scottish independence. Investor appetite for risk was also limited ahead of some closely-watched economic data during the session, namely UK inflatio
Read moreFTSE 100 movers: SABMiller jumps on takeover speculation
15th Sep 2014 16:11
SABMiller jumped on the back of speculation that fellow drinks giant Anheuser-Busch Inbev was lining up financing for a possible £75bn bid. At current prices, SABMiller is valued at around £61.5bn. The rumours come after Dutch brewer Heineken turned down an approach from SABMiller. The Heineken fami
Read moreLondon midday: M&A ramps up but weak Chinese data weighs on FTSE
15th Sep 2014 11:47
The UK stock market was poised to finish at their lowest level in more than three weeks on Monday despite a wave of M&A activity, as weak economic data from China dampened sentiment. Nervousness ahead of Wednesday's Federal Reserve policy meeting and a vote on Scottish independence were also limitin
Read moreLondon open: Stocks fall on Chinese data but M&A lifts SABMiller, Micro Focus
15th Sep 2014 08:38
A wave of M&A activity wasn't enough to keep UK stocks from slipping into the red on Monday morning, as weak Chinese data and nervousness about the upcoming Scottish referendum and the US policy decision dampened sentiment. SABMiller was rising strongly early on after a takeover offer for Heineken w
Read moreRussian sanctions risk constraining oil supply, says ex-BP boss Hayward
15th Sep 2014 07:18
US and European sanctions against Moscow pose a threat to Western economies, according to the former boss of oil major BP. Tony Hayward, now chief executive of General Eenergy and chairman of Glencore, has said that measures - which include cutting off Russian energy groups' access to capital market
Read moreSunday newspaper round-up: RBS, Scottish independence, Prudential
14th Sep 2014 13:04
Royal Bank of Scotland could have a pension funding gap of up to 5.6bn pounds if Scotland votes to leave the UK, the Sunday Times reported. Other companies such as Lloyds Banking Group and BP would also be affected by a hole of about £100bn in UK corporate retirement plans, according to Credit Suiss
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