Wednesday preview: Hargreaves Lansdown reports
4th Feb 2014 15:28
Financial services adviser Hargreaves Lansdown is expected to report a 17 per cent year-on-year rise in revenues of 164.5m pounds in its interim results on Wednesday, according to Charles Stanley. Investors will also be focusing on whether the Royal Mail's initial public offering boosted results.
Read moreLondon open: Turkish rate hike boosts markets, miners jump
29th Jan 2014 08:22
- Turkey hikes interest rates to halt lira slide - Antofagasta, Anglo American, Randgold rise after updates - Markets await FOMC decision techMARK 2,799.62 +0.65% FTSE 100 6,632.49 +0.92% FTSE 250 15,895.51 +1.14% UK markets opened strongly on Wednesday after the Turkish central bank's decision to
Read moreSector movers: Financials gain as emerging-market tensions ease
28th Jan 2014 15:27
Easing concerns over the emerging markets helped the financial sector higher on Tuesday, with stocks buoyed by M&A activity surrounding F&C Asset Management. Fund managers such as Aberdeen and Man Group have fallen sharply in recent sessions owing to their exposure to developing nations after a sel
Read moreLondon close: FTSE 100 drops 1.7 per cent as sell-off continues
27th Jan 2014 16:45
- BG Group plummets on gloomy guidance - AT&T rules out Vodafone bid - RBS reveals more provisions for new claims - FTSE 100 at lowest since mid-December techMARK 2,761.91 -1.00% FTSE 100 6,550.66 -1.70% FTSE 250 15,528.21 -1.12% UK markets dropped to their lowest levels in nearly six weeks on Mon
Read moreHargreaves Lansdown shares fall as rivals cut prices
27th Jan 2014 16:31
Shares in stockbroker Hargreaves Lansdown took a hit as it came under pressure from price-cutting by rival brokers. The stock dropped 5.5% to 1,426p as Barclays unveiled a new platform pricing regime for fund investments said to be in line with rival Fidelity, but undercutting Hargreaves by 10 basi
Read moreSunday newspaper round-up: Supermarkets' property, Lloyds, UBM
26th Jan 2014 16:51
US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
Read moreLondon midday: Markets edge higher but rangebound
21st Jan 2014 11:22
- Unilever rises after annual results - Miners fall as Goldman adjusts metal price forecasts - Credit squeeze eases in China - German ZEW survey weakens techMARK 2,854.01 +0.01% FTSE 100 6,844.27 +0.11% FTSE 250 16,191.74 -0.22% It was another subdued morning in London with the FTSE 100 trading wi
Read moreTuesday newspaper round-up: StanChart, Cost of Energy, QE
21st Jan 2014 06:21
When Standard Chartered and HSBC engaged in a 500m pound bidding war for Royal Bank of Scotland more than 30 years ago, it did not end well. The UK competition authority blocked both bids, citing their damaging impact on "career prospects, initiative and business enterprise in Scotland". Now this UK
Read moreLondon close: FTSE 100 edges higher after quiet session
20th Jan 2014 16:45
- FTSE 100 within touching distance of 14-year high - Banks fall after Deutsche Bank's Q4 loss - Chinese growth slowed down in Q4 - UK outlook improves - HSBC highlights potential risks from too-low inflation readings techMARK 2,853.67 +0.09% FTSE 100 6,836.73 +0.11% FTSE 250 16,227.11 +0.25% It
Read moreBroker snap: Credit Suisse ups targets for most diversified financials
20th Jan 2014 12:55
Credit Suisse on Monday raised its price targets for a broad swathe of the European Diversified Financials sector, benefiting several UK managers in the process, albeit not all. The main reason for its changes was the fact that the sector is the most sensitive to rising 10-year US Treasury yields. T
Read moreLondon close: FTSE 100 breaks 6,800 to finish at eight-month high
15th Jan 2014 16:36
- Burberry jumps after Q3 growth beats forecasts - Anglo American gains after UBS upgrade - World Bank revises up growth forecasts - FTSE 100 at eight-month high; DAX hits new record techMARK 2,840.71 +0.79% FTSE 100 6,819.86 +0.78% FTSE 250 16,292.94 +0.35% Stocks finished strongly on Wednesday,
Read moreFTSE 100 movers: Hargreaves hit by changes under RDR
15th Jan 2014 14:56
Financial services company Hargreaves Lansdown plunged into the bottom spot today after it said that new rules under the Retail Distribution Review (RDR) would trim revenues by around 9m pounds and would reduce client charges by 8m pounds in the first 12 months and said it will need to gather approx
Read moreLondon midday: FTSE 100 closing in on 6,800 as stocks gain
15th Jan 2014 12:04
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - Credit Suisse prefers life insurers over P&Cs - World Bank raises 2014 growth forecasts techMARK 2,830.56 +0.43% FTSE 100 6,791.80 +0.37% FTSE 250 16,254.51 +0.11% Stocks rose to an eight-month high on Wednesday mornin
Read moreBroker snap: Hargreaves Lansdown to take hit for fee shake-up
15th Jan 2014 11:51
Broker Canacccord Genuity reduced its profit forecast for stockbroker Hargreaves Lansdown after it said an overhaul of rules on fees could cost it up to 17m pounds, although it said it would lead to lower charges for most customers. Canaccord said it expected Hargreaves' pre-tax profit this year to
Read moreFidelity Worldwide to lower fees in bid to undercut rivals
15th Jan 2014 11:19
On March 1st Fidelity Worldwide Investment will announce a new price structure for its products aimed at undercutting those of rivals. Market Till, Fidelity Head of Personal Investing, told Bloomberg in an interview that: "Our new fee structure will be cheaper for the majority of investors based
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