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 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 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 moreClose Bros sells corporate finance arm
18th May 2009 07:24
Merchant bank Close Brothers has sold Daiwa Securities its corporate finance advisory business for a net cash consideration of £67m. Close Brothers will receive gross consideration of £75m but will contribute £8m of working capital prior to completion. In the six months to 31 January 2009, Close
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