Monday newspaper round-up: Lloyds, Barclays, Ferrexpo
8th Jun 2009 06:17
Lloyds Banking Group is expected to repay about £2.3 billion to the Government this week, becoming the first lender in Europe to return bailout money to the taxpayer. The £2.3bn cheque addressed to the Treasury could not have come at a better time for Gordon Brown. The repayment is being made far s
Read moreSector movers: Metals stocks rise again
20th May 2009 12:48
The industrial metals sector is shrugging off a gloomy trading update from International Ferro Metals to climb for the second day in a row. The ferrochrome producer said it remains focused on preserving cash and cutting costs as it reported falling sales of the alloy used to make stainless steel. I
Read moreSector movers: M&S gives retailers the blues
19th May 2009 11:57
Clothes and food chain Marks and Spencer is leading the retail sector lower after cutting its dividend amid sliding profits. While sales in the year to March 28 were up by 0.4% from the previous year, they fell by 5.9% without the impact of new store openings and pre-tax profits fell to £706.2m fr
Read moreFerrexpo at full capacity despite downturn
19th May 2009 08:20
Iron ore firm Ferrexpo said it is continuing to produce at full capacity and selling all of its output, albeit at lower prices. The firm said prices of iron ore sold to China are being pressured by high freight rates from the Black Sea. However, it added that a slight recovery in demand from Ukrain
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