London close: Banks hold back Footsie
12th May 2009 16:28
There was no shortage of company news to give Footsie direction but the index ended the day little changed as downbeat banks offset well-received updates. Royal Bank of Scotland, Lloyds Banking Group and Barclayseased after Credit Suisse suggested the margins of UK banks will come under pressure.
Read moreLondon afternoon: Back in the blue
12th May 2009 14:11
In keeping with the day's topsy-turvy theme, the Footsie is back in positive territory, despite the weakness of banks and miners. Royal Bank of Scotland, Lloyds Banking Group and Barclays are all easier after Credit Suisse suggested the margins of UK banks will come under pressure. In the mining
Read moreLondon midday: Banks lower on margin worries
12th May 2009 12:13
The market had an indecisive morning, with yesterday's decline after four successive days of gains giving investors pause for thought. Banking is the weakest sector after a cautious review of UK banks by Credit Suisse. The Swiss bank has cut its ratings on Barclays and Royal Bank of Scotland, with
Read moreLondon open: Dull start for Footsie
12th May 2009 08:46
London's blue chips have opened lower as investors digest a string of trading statements and results. Pubs group Enterprise Inns has called time on its dividend as it seeks to pay down its debt pile. The company announced an interim pre-tax profit of £103m, in line with market expectations but down
Read moreLondon pre-open: Shares to drop
12th May 2009 07:42
London's blue chips look set to open lower with traders expecting Footsie to shed around 30 points early on. Pubs group Enterprise Inns has called time on its dividend as it seeks to pay down its debt pile. The company announced an interim pre-tax profit of £103m, in line with market expectations b
Read moreInterContinental outperforms
12th May 2009 07:17
Holiday Inn hotel chain InterContinental Hotels Group said occupancy rates started to stabilise in the first quarter but room rates came under pressure. Revenue in the first three months of 2009 ease to $342m from $448m a year earlier. Total operating profit fell 43% to $72m from $127m in the fir
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