London midday: Footsie down nearly two per cent on Greek uncertainty
14th May 2012 11:51
- Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie The FTSE 100 index traded broadly sideways in morning trade, holding on to the steep losses seen in the opening hour on the back
Read moreLondon open: Stocks sink on Greek exit speculation
14th May 2012 08:33
- Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100 European equity markets were a sea of red on Monday morning as continuing concerns over the political situation in Greece fuelled a sell-off early on. The Footsie
Read moreLondon pre-open: Sharp decline expected on Greek woes
14th May 2012 07:28
City sources predict the FTSE 100 will open down 51 points from Friday's close of 5,576, despite strong gains in Asia over China's decision to lower the reserve requirements for banks by 50 basis points. Investors are likely to continue feeling concerned over events in Greece, where it is currently
Read moreHSBC finds buyer for 62 Latin American branches
14th May 2012 07:00
HSBC, which styles itself as the world's local bank, is to become a bit less local in parts of Latin America following the agreed sale of its operations in Colombia, Peru, Uruguay and Paraguay. HSBC is selling the businesses for $400m in cash to the Colombian banking entity controlled by the Gilins
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreLondon midday: Banks and miners weigh on Footsie
11th May 2012 11:56
- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surprise trading loss from US banking giant JP Morgan, weaker-than-expected Chinese economic data and ongoing concerns about the Eurozone weighed on senti
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon pre-open: Small rise expected ahead of BoE interest rate
10th May 2012 07:39
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,530 ahead of the Bank of England's interest rate announcement, due out this morning. The figure is widely expected to remain at the same level and no expansion of the quantitative easing programme is predicted. Fu
Read moreHSBC mulls sale of some Latin American operations
10th May 2012 07:02
The reshaping of global banking colossus HSBC continues with the group confirming it is talks about the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay. The group is engaged in a process of dispensing with non-core businesses. Last month it said it was in talks to sell its o
Read moreBroker tips: HSBC, Sage, IHG
9th May 2012 11:10
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreBroker snap: HSBC still a buy, says Nomura
9th May 2012 10:44
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read moreLondon midday: Miners pull Footsie lower, Eurozone in focus
8th May 2012 11:33
- European elections cast a shadow over the market - Miners track metals prices lower - Aviva, Tullow on the rise Political uncertainty in Europe and falling metals prices meant that London-listed miners were the worst performers of the day by Tuesday lunchtime, pulling the FTSE 100 index firmly in
Read moreHSBC first quarter profits fall
8th May 2012 09:48
HSBC, Europe's biggest bank, said profits fell in the first quarter after it was hit by a revaluation of its debt. Reported pre-tax profit for the quarter was down $0.6bn compared with the first quarter of 2011 to $4.3bn. This included adverse credit spread movements of $2.6bn on the fair value of
Read more