London midday: Clegg statement calms markets
7th May 2010 12:10
After initially reacting negatively to the prospect of a hung parliament London's leading shares have rallied after Liberal Democratic party leader Nick Clegg said he is sticking with his pre-election view that the party with the most votes - in this case the Conservatives - should have first crack
Read moreLondon open: Election and Greece uncertainty hits shares
7th May 2010 08:51
London's top stocks have opened sharply lower as investors consider this morning's news that the UK is heading for a hung parliament. Latest projections are for the Tories to be largest party but will fall short of majority, as David Cameron's party fails to take many key target seats while Labour
Read moreLondon pre-open: Footsie to drop more than 100 points
7th May 2010 07:37
London's top stocks look set to drop more than 100 points in early dealing as investors consider this morning's news that the UK is heading for a hung parliament. In the UK election, the Tories are on course to be largest party but set to fall short of majority, as David Cameron's party fails to ta
Read moreITV says second half 'highly uncertain'
7th May 2010 07:02
ITV warned that the market outlook for the second half highly uncertain as it reported a 6% rise in revenues. The broadcaster's revenues in the first half increased to £450m compared with £425m last time. Broadcasting and online revenues were also up 6% to £390m, while ITV Studios external revenue
Read moreSunday newspaper round-up: Goldman Sachs, ITV, RBS
25th Apr 2010 10:43
Goldman Sachs made big profits betting against the mortgage market even though it stated in its 2009 annual report to investors that it "did not generate enormous net revenues by betting against residential related products", according to initial findings of a Senate investigation into the bank, say
Read moreTuesday paper round-up: BHP Billiton, ITV, Lloyds Banking
30th Mar 2010 06:34
Global miners have passed a milestone in their efforts to change the way iron ore benchmark prices are set by convincing major steelmakers to adopt prices more closely linked to the spot market. BHP Billiton said on Tuesday that a "significant number" of Asian steelmakers had agreed to move from th
Read moreFTSE 250 movers: ITV up as picture may brighten
29th Mar 2010 15:33
Broadcaster ITV is lifted by talk that regulator Ofcom will relax the rules on advertising for the terrestrial commercial channels because of the explosion of new digital channels. Among the fallers is Lamprell. The specialist engineer focused on the oil and gas industry said the credit crunch made
Read moreLondon afternoon: Into the red
29th Mar 2010 14:23
All of Footsie's early gains have now been pulled back despite futures pointing to a decent start on Wall Street. Banks are dragging the index lower with losses now for both state-controlled banks, Lloyds and Royal Bank of Scotland. Vodafone is higher on reports over the weekend it is in talks a
Read moreMonday paper round-up: Election, Royal Bank of Scotland, ITV
29th Mar 2010 06:34
The Conservatives will try to seize the electoral initiative today with a pledge to reverse part of Labour's national insurance rise due to come into effect next year. After several weeks in which the Tory poll lead has narrowed, George Osborne, the Shadow Chancellor, will announce that the party
Read moreFriday paper round-up: Tories to unveil Green Investment Bank
19th Mar 2010 06:39
A Conservative government would put a carbon tax on electricity generation to encourage investment in renewables and nuclear power, David Cameron will say on Friday as he sets out his party's long-awaited energy strategy. The plan will be included in a consultation paper published on Friday, setti
Read moreThursday newspaper round-up: UBS, British Airways, ITV
18th Mar 2010 06:15
Four banks were charged with fraud on Wednesday for their roles in a €1.7bn ($2.3bn) financing package for the Italian city of Milan in a case that will fuel the global debate about the use of complex derivatives. UBS, JP Morgan Chase, Deutsche Bank and Germany's Depfa will face trial in Milan aft
Read moreFTSE 250 movers: Chips are down for CSR
15th Mar 2010 14:40
Shares in CSR fall back after UBS downgraded the chip-maker to 'neutral' from 'buy'. The broker raises its target price on CSR, which makes chips for Bluetooth and GPS devices, to 540p from 495p, but thinks the stock is reaching fair value levels. Cheery broker coverage has given ITV a boost. Nomur
Read moreEx-ITV chief to chair EMI
10th Mar 2010 13:14
Troubled record company EMI has made former ITV boss Charles Allen its new chairman and announced the departure of its chief executive after just 18 months. Allen has already spent 14 months as non-executive chairman at the company, responsible for acts like Coldplay and Russell Brand's latest sque
Read moreFriday tips round-up; Schroders, Aggreko, Standard Chartered
5th Mar 2010 06:52
The stock market may still be one fifth below its record high, but Schroders has surpassed its turn of the century peak. Yesterday's full-year results from the FTSE 100 fund manager revealed that its total assets under management had risen to £148bn. The company's willingness to continue sitting on
Read moreFriday paper round-up: HSBC, Scottish & Southern, ITV
5th Mar 2010 06:33
The supertax on bank bonuses will reap more than £2.5bn for the Treasury, giving the UK government an unexpectedly large windfall to spend ahead of the general election, a Financial Times survey of 16 global banks has found. Government insiders predict that the receipts of £2.5bn would exceed by ab
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