London midday: Footsie stuck in the red
14th Sep 2009 12:32
Miners continue to weigh on the leading share index. ENRC and Kazakhmys are lower. Reports over the weekend suggested some commentators are concerned by the amount of speculative money that is flowing into the sector. Cooper prices have fallen for the fourth day in a row. Platinum refiner Johnson
Read moreLondon open: Dull start to week
14th Sep 2009 08:47
Footsie has dipped below 5,000 this morning with miners running into profit taking on talk that the recent metal price rally has run too far. Johnson Matthey, ENRC and Kazakhmys are the worst performers. Reports over the weekend suggested some commentators are concerned by the amount of speculative
Read moreMonday newspaper round-up: Independent News, House prices, Gold
14th Sep 2009 06:24
Sir Anthony O'Reilly is close to an agreement that will see him give up his controlling stake in the stricken publishing company behind The Independent newspaper. Desperate to pull off a financial rescue of his debt-laden Independent News & Media (IN&M), Sir Anthony has embraced a plan under which
Read moreFTSE 250 movers: Yell jumps 25%
9th Sep 2009 09:16
More positive broker coverage has given directories group Yell something to shout about and the shares are up by nearly 25%, continuing their strong run. Cazenove said it believes the shares could rise further as the firm balances its books and sees trading improve. Sports Direct shares are wanted
Read moreThursday's newspaper round-up: Alistair Darling, Lloyds, RSA
3rd Sep 2009 06:53
International complacency risks plunging the world into a double-dip recession, the Chancellor, Alistair Darling, warned yesterday, according to the Independent. Alistair Darling is scrambling to plug a gaping hole in the $1.1 trillion global rescue package agreed by G20 leaders in London ? hailed
Read moreFriday newspaper round-up: Lloyds, ITV, National Express
28th Aug 2009 06:05
Lloyds Banking Group is weighing up several alternatives to joining the government's asset protection scheme (APS), which may include a rights issue as well as the sale of Scottish Widows, says the FT. Tony Ball has become an unlikely frontrunner for the chief executive's job at ITV, as doubts emer
Read moreTuesday newspaper round-up: GM, Bernanke, RBS
25th Aug 2009 05:56
General Motors is trying to formulate a $4.3 billion financing plan that would allow it to keep control of its European operations and avoid selling Opel and Vauxhall, people familiar with the situation said, according to the Times. Ben Bernanke is to be reappointed by President Barack Obama for a
Read moreSunday newspaper round-up: Lloyds Banking, JJB, Friends Provident
9th Aug 2009 09:44
Lloyds Banking is weighing up plans for a multi-billion pound share issue to cut its dependency on the taxpayer. The bank is considering a partial withdrawal from the government's asset protection scheme. Eric Daniels, the chief executive of Lloyds, is said to believe the fees attached to the schem
Read moreLondon close: Financials spark good gains
6th Aug 2009 16:22
Footsie fell back in the afternoon session after the Bank of England increased its quantitative easing programme, but still finished healthily in the blue. Banks continued to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomorrow. It is being
Read moreLondon afternoon: Footsie eases back from day's highs
6th Aug 2009 14:35
Footsie fallen back in the wake of the £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Banks continue to rise with Royal Bank of Scotland, Lloyds Banking and Barclays all up. RBS reports its interim figures tomo
Read moreLondon midday: QE increase boosts Footsie
6th Aug 2009 12:13
Footsie has reacted calmly to a surprise £50bn increase to £175bn in the Bank of England's quantitative easing programme. Interest rates, as expected, remained on hold at 0.5%. Insurer Aviva is the best performer and leads a life sector rally despite a 31% cut in the interim dividend. A plan for a
Read moreTechnical Analysis Snap: ITV posts loss but shares rally
6th Aug 2009 10:18
Broadcaster ITV posted a fall in revenues for the last six months as advertising slumped and also announced the sale of Friends Reunited for £25m, making a loss of £150m on the transaction. They announced a pre-tax loss of £105m but said that they were on track to make savings of £155m by the end
Read moreLondon open: Stocks surge ahead
6th Aug 2009 08:53
London's top stocks charge off the blocks as financials set a fast pace in early deals. Insurer Aviva is the main riser after it cut interim dividend by 31% and announced plans for a partial IPO of its Dutch business. IFRS operating profit fell to £1.05bn for the six months ended 30 June 2009 from
Read moreLondon pre-open: Footsie to resume rally
6th Aug 2009 07:54
Modest gains are expected from Footsie in early dealings after a slight fall yesterday. Insurer Aviva has cut its interim dividend by 31% and announced plans for a partial IPO of its Dutch business following a 14% drop in half year operating profit. IFRS operating profit fell to £1.05bn for the si
Read moreITV posts loss, sells Friends Reunited
6th Aug 2009 07:02
Broadcaster ITV posted a fall in revenues and continued losses in the six months to June 30 as advertising revenues slumped and announced the sale of website Friends Reunited. Pre-tax losses for the period totalled £105m, compared with the £1.53bn loss incurred, due to reductions in the value of pr
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