London pre-open: FTSE to move higher ahead of HSBC Q3 results
4th Nov 2013 07:24
City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,735, tracking gains seen in the US at the end of last week and ignoring losses across parts of Asia this morning. The rise comes ahead of HSBC's results later today, which are widely expected to show a 10%
Read moreLondon close: Markets lifted by corporate earnings, China outlook
24th Oct 2013 16:22
- FTSE 100 at levels not seen since May - China manufacturing PMI at seven-month high - Financials, miners and pharma stocks gain techMARK 2,642.27 +0.68% FTSE 100 6,713.18 +0.58% FTSE 250 15,526.93 +0.21% UK markets set a fresh five-month high on Thursday as investors celebrated an improved outlo
Read moreFTSE 100 movers: Sports Direct sinks on Ashley's transaction
24th Oct 2013 14:34
Sports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sank sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discou
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreFTSE 100 movers: RSA rises amid heavy volume on bid talk
23rd Oct 2013 14:06
Chip designer ARM Holdings fell for the second straight day as investors gave a cool reaction to its third-quarter results. JPMorgan Cazenove said this morning that it sees "no reason to be building positions at this time and would take profits in the short term". A number of stocks were also trad
Read moreHSBC terminates sale of Pakistani banking business
23rd Oct 2013 12:29
HSBC on Wednesday announced that its subsidiary HSBC Bank Middle East (HBME) has terminated the sale agreement of its banking business in Pakistan to JS Bank because regulatory approval was not received. HBME will explore alternative options for its banking business in Pakistan, it said. NR
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon close: Markets rise for eighth straight day, but RBS sinks
21st Oct 2013 16:54
The FTSE 100 hit a two-and-a-half-month high on Monday ahead of the eagerly anticipated US jobs report as markets managed to offset some heavy falls from heavyweight bank RBS. The UK lender dropped nearly 5% today after Chancellor George Osborne was quoted as saying that a decision over a 'good ban
Read moreSector movers: RBS, Barclays lead banks lower
18th Oct 2013 14:01
Banking stocks were mostly under the weather on Friday with domestic lenders Royal Bank of Scotland and Barclays leading to the downside. RBS was being weighed down by some gloomy comments from Investec analyst Ian Gordon, who recommended investors not to own the stock ahead of the bank's third-qua
Read moreHSBC pledges to appeal 2.5bn-dollar judgement in US class action
18th Oct 2013 09:17
- Hit with 2.5bn-dollar judgement - Vows to appeal HSBC has pledged to appeal a 2.5bn-dollar judgement that it has been hit with in a US securities class action lawsuit against Household International, the credit card and mortgage lender it bought in 2002. The case was originally filed 11 years ag
Read moreLondon close: Stocks edge higher after late rally
17th Oct 2013 17:00
UK stocks erased losses on Thursday afternoon, finishing in positive territory for the sixth straight session, though the market gave a rather lacklustre reaction to the last-minute US deal to avert a debt default. Alastair McCaig, Market Analyst at IG, said: "Having jumped out the way of one oncom
Read moreFTSE 100 movers: BSkyB shares jump on strong revenues
17th Oct 2013 15:31
Satellite television and broadband group BSkyB surged after recording a strong rise in first-quarter revenues helped by an increase of 800,000 paid-for subscription products. However, profits were down after a step-up in Premier League costs. Brewing giant SABMiller gained after saying its first-ha
Read moreBroker snap: UK banks could need extra capital, says BNP
17th Oct 2013 12:47
UK banks were trading in the red on Thursday after Exane BNP Paribas speculated that lenders may need to raise more capital to meet regulatory requirements. The Prudential Regulation Authority (PRA), due to make its final statement in December, could introduce additional capital buffers on top of c
Read moreLondon midday: Markets retreat from four-week high on US concerns
17th Oct 2013 11:33
UK markets pulled back from a four-week high on Thursday as investors gave a mixed reaction to an 11th-hour deal on Capitol Hill to increase the debt ceiling and reopen the US government. Nevertheless, losses were trimmed by midday after UK retail sales rose by a better-than-expected 0.6% in Septem
Read moreSector movers: RBS leads banks lower after BofA downgrade
14th Oct 2013 16:00
UK-listed banks were out of favour on Monday as macro concerns weighed on investor appetite for risk; Royal Bank of Scotland was a heavy faller after being hit with a downgrade by Bank of America Merrill Lynch. The US broker lowered its rating for RBS from 'neutral' to 'underperform', cutting its p
Read more