Tuesday newspaper round-up: France, Bonuses, Apple
6th Nov 2012 07:17
The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform. Throwing the guantlet at the feet of the Socialist president Francois Hollande, the IMF said rising tax
Read moreLondon close: Stocks taken down by global uncertainty
5th Nov 2012 16:49
- All eyes turn to the US elections - Greece attempts to agree on austerity - UK and US services PMI disappoint After a sharp fall early on, the FTSE 100 traded broadly sideways for the remainder of Monday's session as investors refrained from building positions ahead of a busy week for the global
Read moreLondon midday: Investors flee from risk ahead of US elections
5th Nov 2012 11:26
- Investors risk averse ahead of elections - UK services PMI disappoints - Greece to vote on austerity Nervousness ahead of the US presidential elections saw stocks head lower on Monday morning, with losses cemented by a worse-than-expected reading of service-sector activity in the UK. In regards
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreMoney laundering investigation casts shadow over HSBC -UPDATE
5th Nov 2012 07:56
Adjustments to the fair value of its own debt put a serious dent in the third quarter profits of banking giant HSBC, while the final size of the money laundering fine in the US is casting an enormous shadow over the group. Reported profit before tax of $3,481m in the third quarter was about half th
Read moreMonday newspaper round-up: HSBC, BAE, Google
5th Nov 2012 07:02
HSBC is set to face a final bill for fines as high as 1.5bn dollars (937m pounds) for the "shameful and embarrassing" US money-laundering scandal that has engulfed Britain's biggest bank. The lender is tomorrow expected to spell out the full financial damage caused by the crisis, which erupted earli
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFour global banks must hold most capital, say regulators
2nd Nov 2012 15:43
Global regulators have said that Citigroup, Deutsche Bank, HSBC and JP Morgan Chase must hold additional capital in order to be able to absorb possible losses. The Financial Stability Board published an updated list detailing the capital surcharges required for global systemically important banks (
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreLondon close: Stocks bounce after US GDP
26th Oct 2012 16:47
- US growth data boosts stock in afternoon trade - Anglo jumps after CEO exit - Pearson rises on Penguin merger speculation The FTSE 100 bounced into positive territory by the close on Friday afternoon, albeit only just, after better-than-expected growth figures from the world's largest economy che
Read moreHSBC enters life assurance distribution agreement with Allianz
26th Oct 2012 13:46
HSBC has entered into a 10-year agreement with Allianz Singapore's branch that enable it to distribute insurance products in Asia. Under the agreement, $100.5m in cash will be paid by Allianz to be the exclusive provider of life insurance products sold by HSBC companies to customers in Taiwan, Indo
Read moreNine more banks added to LIBOR probe
26th Oct 2012 13:06
Nine more banks are being summoned by US state prosecutors investigating the LIBOR (London inter-bank offered rate) rate-fixing scandal, according to a report in the Financial Times. Subpeonas are believed to have been sent by Eric Schneiderman, New York Attorney-General, and George Jepsen, Connect
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
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