London close: Footsie 100 points higher
23rd Nov 2009 16:37
Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhe
Read moreLondon afternoon: Rally into three figures
23rd Nov 2009 14:49
A record price for gold, an early rally on Wall Street and strength across the financial sector has sent London to its best levels of the day. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector
Read moreLondon close: Four-day rally is over
17th Nov 2009 16:31
The leading index finished near its worst levels of the session as weaker banks and mining heavyweights brought a 4-day winning streak to an end. The dollar's bounce off Monday's 15-month low hurt metal prices. Federal Reserve chairman Ben Bernanke said last night that the Fed will conduct policy i
Read moreLondon close: Flat finish for FTSE 100
10th Nov 2009 16:29
Footsie finished slightly in the red having failed to find any sense of direction all day as results sent stocks in both directions. Banking titan HSBC climbed after it said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in
Read moreFTSE 100 movers: Mixed sentiments from top banks
10th Nov 2009 15:22
Banking titan HSBC is top dog today after underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture, especially in the US. In contrast, sector peer Barclays is under the waether despite third quarter profits c
Read moreLondon afternoon: Miners drag Footsie under
10th Nov 2009 14:31
With the US markets opening lower, London has followed suit, despite a strong performance from FTSE 100 index heavyweight HSBC. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture,
Read moreLondon midday: Mixed fortunes for banks
10th Nov 2009 11:58
Despite a slew of company results to pick over the market continues to lack direction, though a good reception to results from index heavyweight HSBC helps underpin the FTSE 100's positive showing. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time la
Read moreSector movers: HSBC cheer offsets Barclays gloom
10th Nov 2009 10:52
Banking is one of the best performing sectors despite mixed results. HSBC leads the sector higher, after saying it is seeing some stabilisation in its bad debts picture, especially in the US, while elsewhere business generally remains strong. "Overall, loan impairment charges and other credit risk
Read moreLondon open: Early improvement
10th Nov 2009 08:33
UK shares have started to edge higher after an initial pause as investors weigh up a flood of results from some of the country's biggest companies. Schroders leads the way following a smaller than expected 19% drop in third quarter profit. The fund manager made a profit before tax and exceptional i
Read moreHSBC encouraged by bad debt picture
10th Nov 2009 08:17
Giant global bank HSBC is seeing some stabilisation in its bad debts picture, especially in the US, while elsewhere business generally remains strong. "Overall, loan impairment charges and other credit risk provisions declined in Q3 2009 from earlier in the year and were at their lowest quarterly l
Read moreTuesday preview: HSBC, Barclays, Vodafone
9th Nov 2009 15:43
A barrage of big company results are due out Tuesday, with the biggest company by market value, HSBC, the heaviest of the heavyweights declaring figures. Third quarter results from the Asia focused banking giant should provide a stark contrast to the figures last week from part-nationalised lender
Read moreBroker snap: HSBC & Barclays preferred to RBS
9th Nov 2009 13:26
Nomura Securities continues to take a cautious stance on rescue case Royal Bank of Scotland and recommends clients should reduce exposure to the stock. 'We do not believe the group has surplus capital, as the apparently significant capital strengthening will be absorbed by further losses and involu
Read moreBroker tips: RBS, Prudential, Cadbury
9th Nov 2009 13:18
Insurance giant Prudential was one of the major risers on Monday morning after a price target upgrade from Dutch broking group ING. ING has upped its target price for the Pru from 392p to 584p, but maintains its 'hold' rating for the shares. The broker is not sold on all insurers, however. 'The re
Read moreHSBC axing 1,700 jobs
3rd Nov 2009 14:36
HSBC is slashing about 1,700 jobs in the UK, mostly among back office staff rather than at its branches. Reports suggest the banking giant will cut most positions at credit cards and collections, reducing the business from nine regional offices to two sites in Birmingham. The company hasn't taken
Read moreMonday newspaper round-up: Lloyds Banking, Ryanair, British Airways
2nd Nov 2009 06:11
Lloyds Banking will on Tuesday unveil twin sweeteners to persuade existing bondholders to exchange their bonds for riskier investments that could convert into equity - the most innovative, and closely guarded, element of the part-nationalised bank's £25bn recapitalisation programme, the FT writes.
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