London open: Markets lower after China data, but Next surges
3rd Jan 2014 08:16
- China services PMI eased in December - Markets on look-out for plenty of economic data - Next raises profit guidance - House of Fraser planning London listing techMARK 2,768.12 -0.15% FTSE 100 6,704.72 -0.20% FTSE 250 15,862.80 -0.35% UK markets opened slightly lower again on Friday as worsening
Read moreLondon midday: Markets jump one per cent after Fed taper
19th Dec 2013 12:01
- Fed tapers monthly asset purchases by 10bn dollars - Markets rise, Wall Street hits record high - Annual growth of UK retail sales misses estimates techMARK 2,732.70 +1.31% FTSE 100 6,556.63 +0.99% FTSE 250 15,576.80 +1.37% UK markets had held on to their gains by Thursday lunchtime as investors
Read moreLondon open: Fed taper sparks 'Santa Rally' as stocks jump
19th Dec 2013 08:17
- Fed cuts monthly bond buying to 75bn dollars - Commits to near-zero rates, depending on inflation - Pharma peers AstraZeneca, GSK making gains techMARK 2,727.60 +1.12% FTSE 100 6,553.38 +0.94% FTSE 250 15,550.52 +1.20% UK markets opened around one per cent higher on Thursday morning in the after
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreHSBC sells 8 per cent stake in Bank of Shanghai
11th Dec 2013 12:22
HSBC's Asian subsidiary is to sell its entire 8.0 per cent shareholding in Bank of Shanghai to Banco Santander. The assets were accounted for as an available-for-sale asset with a fair value of 285.4m pounds. HSBC Asia Pacific Chief Executive Officer Peter Wong placed the transaction with the cont
Read moreLondon open: Markets flat on budget deal, taper speculation
11th Dec 2013 08:28
- US negotiators reach budget deal - Taper speculation ramps up ahead of Fed meeting - Imagination disappoints with poor H2 outlook - RBS Finance Director Bostock steps down techMARK 2,678.82 +0.23% FTSE 100 6,524.52 +0.02% FTSE 250 15,401.84 -0.06% Markets opened broadly flat on Wednesday in the
Read moreTuesday tips round-up: HSBC, Kentz Corporation
10th Dec 2013 10:11
Market-based signals, or prices, are extremely useful, but they have their limits. Thus, for some an initial public offering (IPO) of HSBC's UK retail arm would allow it to 'unlock' value and help its valuation recover to levels similar to Lloyd's, for example. Simply put, for those who follow that
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreHSBC reportedly denies reports it is eyeing IPO of UK arm
9th Dec 2013 10:07
In recent weeks the UK´s fourth largest lender, HSBC, has been sounding out investors regarding possible demand should it decide to list a minority stake in its UK operations. The issue of listing a stake of up to 30% in its UK retail and commercial banking operation has also been discussed inform
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreMonday newspaper round-up: HSBC, Lloyds, Royal Mail...
9th Dec 2013 07:27
HSBC has sounded out investors about a flotation of its UK arm, in a move that would realise value from its high street banking business and address regulatory pressures. The bank has in recent weeks asked investors whether they would support the sale of a sizeable stake in the UK business. It has a
Read moreLondon open: FTSE 100 flat at seven-week low ahead of busy day
5th Dec 2013 08:23
- FTSE 100 at lowest level since October 14th - Central bank meetings, Autumn Statement in focus - Investors cautious ahead of jobs report tomorrow techMARK 2,644.71 +0.02% FTSE 100 6,509.08 -0.01% FTSE 250 15,152.45 +0.16% UK stocks opened broadly flat on Thursday morning with the FTSE 100 tradin
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreBroker tips: Old Mutual, Banks, Miners
3rd Dec 2013 11:21
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life busin
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