London midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read moreLondon open: Stocks flat ahead of a busy day
30th Jan 2013 08:30
Markets opened flat on Wednesday morning ahead a busy day on the economic calendar with all eyes focusing on growth data and a policy decision in the US later on. The world's biggest economy is expected to have grown at an annualised rate of 1.1% in the fourth quarter of 2012, according to prelimin
Read moreUS court accepts BP guilty plea in Deepwater Horizon tragedy
30th Jan 2013 07:33
A US court accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon explosion and oil spill which killed 11 men, the company said in a statement Wednesday. BP will pay $4.0bn over a period of five years, during which time the company will serve probation. At the District
Read moreWednesday newspaper round-up: BP, Bumi, Barclays...
30th Jan 2013 07:09
Iran believes BP-operated Azeri oil platforms have polluted the Caspian Sea and may sue the UK oil group if it continues, Iran's deputy environment minister has been reported as saying by Iranian media. Iranian officials have complained that Azeri oil has washed up on Iranian beaches over the last y
Read moreSunday newspaper round-up: Barclays, Carney, BP
27th Jan 2013 16:23
Barclays is planning a swoop on the financial markets to raise billions of pounds of new capital ahead of a showdown with the Bank of England. Sources close to the bank say it could launch the move within weeks to kill off questions about its financial strength. All Britain's banks are on edge as th
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreMonday newspaper round-up: Barclays, RBS, Cyprus bailout...
21st Jan 2013 06:56
Barclays was hit by further damaging revelations about the culture that was allowed to flourish in certain parts of the bank yesterday after it emerged that a senior executive had suppressed a damaging report into Barclays Wealth in America. The report, compiled by consultancy firm Genesis Ventures,
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreBP in talks with Iraq Oil ministry over Kirkuk Oil Field
17th Jan 2013 10:32
Oil and gas production giant BP has been in communication with Iraq's Ministry of Oil regarding the possibility of it potentially providing assistance in the country. In a statement, Michael Townshend, the President of BP Iraq, said: "We have made a proposal for short-term assistance which the Mini
Read moreLondon open: Markets flat ahead of Spanish bond auctions
17th Jan 2013 08:27
London's benchmark index opened tentatively on Thursday morning ahead of another big day for corporate earnings in the US. It looks to be a quiet morning for Europe with little data due out, so the focus is likely to be on debt auctions in Spain, as the Treasury attempts to sell 2015, 2018 and 2041
Read moreThursday newspaper round-up: Boeing, Goldman pay, Blockbuster...
17th Jan 2013 06:57
Europe, Japan and India on Thursday joined the United States in grounding their fleet of Boeing Dreamliner 787s, a day after a Japanese aircraft was forced to make an emergency landing. Japanese Transport Ministry Vice Minister Hiroshi Kajiyama said the grounding was for an indefinite period, and In
Read moreLondon close: Markets finish lower, but TUI Travel surges late on
16th Jan 2013 17:10
- World Bank, Germany cut growth estimates - Hostage crisis in North Africa - TUI Travel surges after approach from TUI AG The FTSE 100 ended moderately lower on Wednesday as markets trimmed losses by the close, though the mood was still cautious after both the World Bank and German government down
Read moreBP hit by kidnap attack at Algeria site - UPDATE
16th Jan 2013 12:21
Islamist militants on Wednesday kidnapped foreigners in a 'terrorist' attack at a BP gas field in Algeria, the UK Foreign Office confirmed. The British Embassy is working with local authorities to handle the raid on the In Amenas facility, an office spokeswoman told Digital Look and Sharecast. S
Read moreLondon close: Markets nervous ahead of Bernanke Q&A
14th Jan 2013 16:48
- Bernanke could spark market volatility - Traders cautious ahead of US earnings season - Eurozone industrial production disappoints Dovish comments from a member of the Federal Reserve weren't enough to lift stocks on Monday, as markets remained cautious ahead of a speech by Ben Bernanke this even
Read moreLondon midday: Financials lead markets higher
14th Jan 2013 11:46
UK stocks were trading cautiously on Monday morning ahead of the official start of US corporate earnings season. However, markets were registering slight gains after dovish comments from a member of the Federal Reserve Stateside. Federal Reserve Bank of Chicago President Charles Evans said that the
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