London open: Blue chips lower on mixed results
4th Aug 2010 08:40
London has made a quiet start after a decline on Wall Street overnight and mixed trading statements this morning. Lloyds is very much back in the black after posting a profit of £1.6bn for the first half of 2010, twice as much as some analysts had forecast. The bank, which lost almost £4bn this tim
Read moreLondon pre-open: Stocks to pull back
4th Aug 2010 07:30
Early losses look likely in London this morning as investors react to a decline on Wall Street overnight. Futures prices currently indicate a 22-point decline for the FTSE 100 when trading starts shortly. Lloyds is very much back in the black after posting a profit of £1.6bn for the first half of
Read moreL&G beats forecasts, sees mixed outlook
4th Aug 2010 07:04
Insurance giant Legal & General (L&G) topped market expectations with its interim figures and has rewarded shareholders with a 20% hike in the dividend. European Embedded Value (EEV) operating profit in the first half of 2010 was £589m, down from £656m the year before but ahead of most broker forec
Read moreWednesday preview: Lloyds Banking, Legal & General, Next
3rd Aug 2010 15:26
The UK government is showing a paper profit on its 41% stake in high street banking giant Lloyds and should have further cause for celebration when the bank unveils profits for the first half of the year on Wednesday. Expectations are for Lloyds to declare pre-tax profits in excess of £800m, a shar
Read moreUK Life Insurers To Post Higher 1H Earnings, Dividends
2nd Aug 2010 13:16
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Many of the U.K.'s top life insurance companies are expected over the next three weeks to report slightly higher first-half earnings and interim dividends, boosted by cuts in costs, a focus on margins and some recovery in sales
Read moreWeek Ahead: Banks, insurers, Shire
30th Jul 2010 10:50
Results season for insurers and banks gets underway in the first week of August, with Legal & General, RSA Group, Aviva and Old Mutual from the former sector and HSBC, Lloyds Banking Group, Standard Chartered, Barclays and Royal Bank of Scotland from the banking sector all set to weigh in. HSBC ge
Read moreDana Petroleum Hasn't Convinced Holders Better Bid Exists-Sources
28th Jul 2010 18:46
By Sarah Kent Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Dana Petroleum PLC's (DNX.LN) chief executive Thomas Cross has so far failed to convince shareholders to hold out for a better offer than the 1,800 pence-a-share approach put forward by Korea National Oil Corp., people familiar with t
Read moreLloyds In Talks To Sell GBP140M Of Retail Assets - Report
25th Jul 2010 14:14
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN) is in talks to sell GBP140 million of retail assets, the Mail on Sunday reports, without citing sources. It adds that Legal & General Property may buy the assets, but says other parties have also held talks over the assets sale. The 'LXB
Read moreBroker tips: Insurers, Domino's Pizza, Falkland Oil
12th Jul 2010 13:27
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash generation and earnings to support their handsome dividend yields. Nomura is forecasting that
Read moreBroker snap: Nomura sees L&G and Aviva divi growth
12th Jul 2010 10:57
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash and earnings to support their handsome dividend yields. Nomura is forecasting that L&G will bu
Read morePermira Takes A Look At Vue Cinemas - Source
9th Jul 2010 17:10
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-based buyout firm Permira is interested in buying Vue Entertainment, the cinema chain that forms part of the assets sold earlier this week by Lloyds Banking Group PLC (LYG) to Coller Capital, a person familiar with the situ
Read moreUPDATE: Fulcrum Eyes Bigger Slice Of Connections Market
9th Jul 2010 14:11
(Adds detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fulcrum Utility Services Ltd. (FCRM.LN) Friday said it intends to use GBP11 million raised in its recent admission to London's junior Alternative Investment Market to boost its share of the market for connecting b
Read moreFTSE 100 movers: Banks move higher
23rd Jun 2010 14:13
The banks are rising again today even though they were hit by a new tax yesterday. Royal Bank of Scotland and Lloyds are both higher. BP is also heading higher now that Bob Dudley is taking control of the day-to-day handling of the Gulf of Mexico oil leak crisis from chief executive Tony Hayward.
Read moreFidelity To Demand Prudential Chairman Resignation -Newspaper
20th Jun 2010 12:19
LONDON (Dow Jones)--U.S. fund management group Fidelity is to demand Monday the resignation of Harvey McGrath, Chairman of U.K. insurance group Prudential PLC (PRU.LN), the Sunday Times reports without citing sources. The newspaper says a group of shareholders are also thought to be sounding out
Read moreBP Shares Gain In Mildly Higher FTSE 100
18th Jun 2010 11:55
By Sarah Turner Of MARKETWATCH BP shares gained in British share trading on Friday, paring a fraction of the steep losses made since the explosion that sparked a massive oil spill in the Gulf of Mexico. BP (BP) climbed 4% to 374 pence, taking losses since the explosion on April 20 to 4
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