FTSE 100 movers: Inmarsat rises, banks fall
9th May 2011 13:32
Satellite communications giant Inmarsat is topping the risers after first quarter revenue rose by 15% boosted by payments from its agreement with US telecom group LightSquared. The banking sector is under the weather: Barclays' shares fell after it reported that it is setting aside £1bn to cover t
Read moreHigher costs dent HSBC profits
9th May 2011 09:40
Global banking leviathan HSBC saw first quarter profits slide as it faced revenue headwinds in its Global Banking and Markets division. Net operating income before loan impairment charges and other credit risk provisions dropped to $17.04bn from $17.93bn the year before. Japanese broker Nomura Se
Read moreMonday newspaper round-up: Greece, Barclays, GDP
9th May 2011 06:26
The Chancellor has ruled out British participation in a further bailout of Greece as the eurozone grapples with the country's debt crisis. George Osborne said yesterday that the UK had been a "reluctant partner" in Portugal's rescue and would not be writing further cheques for the Greeks. His commen
Read moreWeek Ahead: HSBC, IHG, IMPs
6th May 2011 12:50
Banking results season draws to a close with HSBC's first quarter update on Monday. The recent updates from Lloyds and Royal Bank of Scotland have not been short of detail and HSBC's statement may be similarly thorough, with updates on a number of key profit and loss items and balance sheet metrics
Read moreTuesday newspaper round-up: Lloyds, HSBC, Barclays
26th Apr 2011 06:31
Lloyds Banking Group, which is now 43% owned by the taxpayer, is reported to be considering a sale of its pensions and insurance business Scottish Widows. The group's new chief executive, Antonio Horta-Osorio, is said to be poised to offload the subsidiary, possibly together with the bank's 60 per c
Read moreThursday newspaper round-up: BT, Prudential, HSBC
21st Apr 2011 06:06
The Government could suspend the internet accounts of illegal downloaders after a challenge to new laws was overturned in the High Court. Justice Kenneth Parker rejected an appeal by BT and TalkTalk which claimed that the Digital Economy Act 2010 was seriously flawed and 'incompatible' with European
Read moreBroker snap: HSBC upgraded on Asian position
20th Apr 2011 14:29
Morgan Stanley has upgraded banking giant HSBC to 'overweight', from 'equal-weight', saying that the group's performance could improve "meaningfully from 2010" as a result of its position in the Asian market. The broker believes that the market is missing the turnaround in Asia because after more t
Read moreFTSE 100 movers: ARM gets a lift from Intel
20th Apr 2011 13:12
Chip giant ARM Holdings is the best performer on the FTSE 100, boosted by last night's bullish report by US peer Intel, which predicted that second quarter sales will come in at about $12.8bn (give or take $500m), ahead of analysts' estimates. Copper and gold prices have boosted the miners, with X
Read moreFTSE 100 movers: Resolution unwanted after downgrade
18th Apr 2011 13:43
Insurance giant Resolution is the worst performer on the FTSE 100, after being downgraded from 'buy' to 'neutral' by UBS. The broker cuts its rating given the weak operational performance, mixed valuation picture and strong recent share price performance. The share price is left at 300p. Also lowe
Read moreLondon close: Retailers lift Footsie higher
13th Apr 2011 16:08
While the Footsie came off its daily highs, it still managed to post a gain of close to 1% as strong results from ASOS boosted the retail sector higher. Meanwhile, stocks were recovering from the 89 point sell-off yesterday, its worst one-day fall since mid-March. Strong growth overseas helped the
Read moreLondon close: Shares slump as worries resurface
12th Apr 2011 16:38
The top share index's losses were almost in the triple digits by the close of trade after a steady day of losses amid worries over global economic growth. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its
Read moreLondon afternoon: More losses after weak US start
12th Apr 2011 15:31
The top share index has run into further selling after a poor start on Wall Street. Worries over global growth have re-emerged. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its growth expectations this y
Read moreLondon midday: FTSE 100 slips below 6,000
12th Apr 2011 12:04
The top share index is back below 6,000 points as concerns over global economic growth weigh on sentiment. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised down its growth expectations this year from 2%to 1.7%. Me
Read moreLondon open: Global growth worries hit stocks
12th Apr 2011 08:22
Stocks are on the back foot after the International Monetary Fund slashed its growth forecasts for the US and amid renewed worries over Japan after its earthquake. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. Nor did Britain emerge unscathed. The IMF revised
Read moreLondon pre-open: IMF casts a shadow
12th Apr 2011 07:51
Stocks are set to open on the back foot after the International Monetary Fund slashed its growth forecasts for the US. The IMF lowered its US 2011 GDP growth forecast by -0.2 percentage points, to 2.8%. The FTSE 100 is expected to open down 41 points at 6,012. There was more good news from Brazil
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