Wednesday newspaper round-up: Royal Bank of Scotand, Barclays, Mitchells & Butlers
2nd Dec 2009 06:32
Alistair Darling was heading for a clash with the City's biggest institutional shareholders last night after the Treasury seized control of the bonus pool at Royal Bank of Scotland. Institutional investors raised concerns about RBS's ability to compete with rivals after the Treasury demanded the ri
Read moreLondon close: Footsie rallies above 5,300
1st Dec 2009 16:14
Strength in the US, a record gold price and fight back by the banks had London at session highs by the close of play. Markets decided that fears about Dubai's debt have been overdone. State-owned Dubai World said it had held "constructive" talks with banks and flagged plans to restructure nearly ha
Read moreLondon afternoon: Triple digit gain for Footsie
1st Dec 2009 14:59
Leading shares kicked on again in the afternoon session after US markets opened firmer, with the number of Footsie constituents showing a loss on the day being countable on the fingers of one hand. Mining stocks are going well on hopes of a sustained recovery in Chinese manufacturing. Silver miner
Read moreLondon midday: Footsie consolidates gains
1st Dec 2009 12:00
London is participating in a global rally by stock markets, as doubts over the Dubai debt crisis ease. Buoyant manufacturing data from China is lifting miners. HSBC said the Purchasing Manager's Index (PMI) for China climbed to a seasonally adjusted 55.7 in November from 55.4 in October. The index
Read moreLondon open: Footsie bounds ahead
1st Dec 2009 08:44
London's top stocks have opened strongly as concern over the situation in Dubai eases a little. Miners and banks are leading the rally following a strong performance by both groups on on Wall Street overnight. Royal Bank of Scotland is among the best performers this morning. It has been affected b
Read moreLondon pre-open: Shares set to recover
1st Dec 2009 07:37
London's top stocks look set to recover from their recent losses, with traders expecting Footsie to gain over 50 points early on. Travel operator TUI saw profits rise in the year to September 30 despite flat revenues despite reduced demand in the tough economic climate as it managed to raise ticket
Read moreRivals face bill for BT pension deficit
1st Dec 2009 07:10
Telecoms regulator Ofcom has asked for views before deciding whether to reflect the cost of BT's growing pension scheme deficit in its charges to rivals that use its network. To date, Ofcom has used BT's reported pension costs, excluding deficit repair payments, when determining regulated prices.
Read moreBroker tips: BT, BG Group, Burberry
18th Nov 2009 13:04
Broker Charles Stanley sees nothing much on the horizon to drive BT's share price over the medium term and has consequently switched its recommendation on the telecoms giant's shares from 'buy' to 'hold'. The broker has medium terms concerns over the assumptions underlying BT's pension fund deficit
Read moreBroker snap: BT 'fairly valued at best'
18th Nov 2009 12:00
Broker Charles Stanley sees nothing much on the horizon to drive BT's share price over the medium term and has consequently switched its recommendation on the telecoms giant's shares from 'buy' to 'hold'. Charles Stanley analyst Tom Gidley-Kitchin concedes BT's recent results were ahead at the earn
Read moreBroker snap: finnCap unimpressed by C&W
17th Nov 2009 12:40
The proposed demerger announced Tuesday morning by Cable & Wireless (C&W) is unlikely to unlock value from the telecoms company, according to broker finnCap. 'C&W have announced demerger details which seem to hold no surprises, and will presumably intend to play on the "unlocking value" stories whi
Read moreBroker tips: BT, Kazakhmys, Electrocomponents
13th Nov 2009 12:34
Nomura has turned negative on Kazakh miner Kazakhmys because it thinks the local currency may be revalued upwards, tax cuts may be limited and the shares fully reflect the strength in copper. The Japanese broker's stance on the shares is cut to 'reduce' from 'buy' with target price slashed to 1,065
Read moreBroker snap: Bit more upside for BT
13th Nov 2009 11:57
Telecoms group BT has doubled in value since its shares plunged to nearly 70p in March, but Nomura thinks they may have a little further to go. The Japanese broker has kept its 'neutral' rating on the stock, but raised its price target to 160p from 120p previously. "We expect the shares will cont
Read moreFriday newspaper round-up: British Airways, Lloyds Banking, Tesco
13th Nov 2009 06:08
British Airways and Iberia, the Spanish flag carrier, have announced a deal to create Europe's largest airline. The merger by the two loss-making companies is expected to set off another round of cost-cutting at both to save £360m a year. Jobs are likely to be lost at head offices in London and Ma
Read moreLondon close: Footsie retreats after new high
12th Nov 2009 17:00
Footsie hit a new intra-day high for the year in mid-afternoon, but buyer interest tailed off near the close as US markets retreated on a mild resurgence by the dollar. British Airways was the top performer after the airline confirmed it is holding meetings with Spanish airline Iberia to discuss th
Read moreLondon afternoon: Footsie hits new 2009 peak
12th Nov 2009 15:21
Footsie has hit a new intra-day high for the year as the majority of blue-chips head higher. British Airways is the top performer after confirming that it is holding meetings with Spanish airline Iberia to discuss the possibility of a merger. 'The British Airways and Iberia boards are holding sepa
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