London afternoon: Momentum gathers pace
18th May 2009 14:33
A strong start on Wall Street has given renewed impetus to London's advance, with a strong showing by the Indian stock exchange also benefiting some India-focused stocks. Vedanta is a rare bright spot among miners, benefiting from the bounce Indian stocks received in the wake of the country's elect
Read moreBig Yellow placing raises £32.9m
18th May 2009 13:41
Self-storage group Big Yellow has raised £32.9m from a placing at 285p a share, 15p above Friday's closing price. "The placing proceeds provide us with the financial firepower to build out our existing development pipeline over the next two to five years and take advantage of the current adverse co
Read moreLondon midday: Lloyds lifts market
18th May 2009 11:57
Leading shares are off the top but Footsie remains in positive territory despite the mining sector moving down virtually en masse. Vedanta is a rare bright spot among miners, benefiting from the bounce Indian stocks received in the wake of the country's election result. India's Sensex index surged
Read moreFTSE 250 movers: JPM Indian arm joins surge
18th May 2009 11:01
JPMorgan Indian Investment Trust joins in the party after the Indian stock exchange had to be closed down after shares surged following Congress's resounding victory in the country's elections. Big Yellow Group is posting big gains after it announced a placing of 11.6m shares to raise funds for med
Read moreLondon open: Indian result gives boost
18th May 2009 08:40
London's blue chips have rallied from a weak opening with this morning dominated by Lloyds Banking and the surge by Indian stocks on the clear election victory by the Congress party. Sir Victor Blank confirmed that he is planning to step down as chairman of Lloyds Banking by the AGM in 2010 follow
Read moreLondon pre-open: Footsie points lower
18th May 2009 07:36
London's blue chips are expected to drop in early dealings with traders predicting Footsie to start around 40 points lower. Sir Victor Blank announced that he is planning to step down as chairman of Lloyds Banking by the AGM in 2010 following continuing criticism of his bank's ill-fated purchase o
Read moreBig Yellow raising funds, swings into red
18th May 2009 07:16
Self-storage group Big Yellow has announced a placing of 11.6m shares to raise funds for medium term growth alongside a £71.5m full year loss. The fundraising, at an as yet undecided price, is expected to bag the company about £25m. At Friday's closing level of 270p it would bring in £31m and about
Read moreSunday's newspaper round-up: Lloyds, RBS, cash-calls
17th May 2009 13:31
Sir Victor Blank is believed to be close to stepping down as chairman of Lloyds Banking Group following pressure from investors furious about the bank's rescue of HBOS, says the Independent on Sunday. The City regulator has fired the opening shot in its inquiry into the crisis that engulfed Britain
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