London midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreLondon close: Footsie shrugs off Burberry fall to finish flat
11th Sep 2012 16:34
- Burberry sinks 21 per cent after profit warning - Markets flat ahead of 'event-risks' - Moody's says US rating at risk Following a morning slump, the FTSE 100 rallied in afternoon trade to finish broadly flat on Tuesday as a strong showing by banks managed to offset a heavy fall from Burberry. T
Read moreLondon close: Stocks extend gains as QE3 hopes increase
7th Sep 2012 16:48
- Markets buoyed by ECB's plans - QE3 hopes increase as jobs data disappoints - Xstrata and the miners jump, though Glencore bucks the trend In spite of some massive gains the day before, the FTSE 100 and most other stock markets in Europe finished moderately higher on Friday on hopes that central
Read moreLloyds selling Uruguayan units to reduce international footprint
7th Sep 2012 15:13
Banking group Lloyds has announced its intention to sell its operations in Uruguay to Banque Heritage (Uruguay) SA in an effort to scale back its international presence. The lender is selling its Uruguayan retail, commercial and corporate banking operations (which currently operate as a brand of Ll
Read moreFTSE 100 movers: ECB bond-buying plan spurs risk appetite
6th Sep 2012 15:33
The heavyweight mining and banking sectors rejoiced the European Central Bank's (ECB's) bond-buying plan on Thursday with investors hoping that this could mark a turning point in the ongoing Eurozone debt crisis. Vedanta, Antofagasta and Randgold were leading the charge in the resource sector while
Read moreBroker tips: Lloyds, Whitbread, Morrisons
6th Sep 2012 10:55
Investec says that the news of another regulatory fine at Lloyds should only have a little impact, seeing as though the banking group still has a lot of mis-selling issues hanging over its head. The broker has maintained its 'hold' rating and 36p target price for the stock. He said: "The cost of re
Read moreBroker snap: Lloyds faces another fine, Investec keeps 'hold'
6th Sep 2012 10:00
Investec says that the news of another regulatory fine at Lloyds should only have a little impact, seeing as though the banking group still has a lot of mis-selling issues hanging over its head. Media reports have said that Lloyds faces another referral to the FSA's Enforcement team. The news "may
Read moreThursday newspaper round-up: Saudi Arabia, RBS, Obama
6th Sep 2012 06:36
A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years. The Kingdom is the world's largest oil producer, accounting for about 13 per cent of global supply, but it may need to use a growing share
Read moreWednesday newspaper round-up: BoE, BP, Lloyds
5th Sep 2012 06:11
The Bank of England should keep its monetary powder dry tomorrow as global markets focus on a potentially game-changing policy decision by the European Central Bank, according to The Times' Shadow Monetary Policy Committee. Sir Steve Robson, the former second permanent secretary to the Treasury, sai
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreMouchel shareholders upset the apple-cart
24th Aug 2012 16:33
Trading in the shares of Mouchel Group has been suspended after shareholders voted against the company's restructuring plan. The financially troubled outsourcing firm announced restructuring proposals at the beginning of August which would see shareholders getting just a penny for each of their sha
Read moreLondon close: Stimulus hopes drive gains
21st Aug 2012 17:13
- Miners lead the way higher on Tuesday - Central banks in China and Europe expected to act - Glencore-Xstrata merger at risk Hopes of central bank action in Europe and China boosted stocks today with the mining sector benefitting the most from increased risk appetite. Michael Hewson, the senior m
Read moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
Read moreLondon midday: Stocks hold on to gains
21st Aug 2012 11:49
- Glencore-Xstrata merger dominates the headlines - Eurozone announcement could be near, says analyst - Chinese stimulus hopes lift stocks London's FTSE 100 had come off its intraday highs by lunchtime but was still trading firmly in the blue, with solid gains in the mining sector providing a lift.
Read moreLondon open: Miners provide a lift
21st Aug 2012 08:34
- Chinese stimulus hopes drive gains early on - Crisis resolution may take years, says Moody's - 'Glenstrata' merger at risk Strength in the mining sector lifted the FTSE 100 in early trading on Tuesday on the back of hopes for the Chinese economy. The People's Bank of China last night ramped up
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