London open: Banks buoyed by BoE initiative
15th Jun 2012 09:23
London's leading shares have opened firmer, encouraged by reports that the world's central banks stand ready to act should financial markets freeze up next week in the wake of Greece's general election on Sunday. Global monetary authorities are ready in the event that liquidity is required to ensur
Read moreSainsbury CFO keeps the faith as shares slide
13th Jun 2012 15:41
Sainsbury's Chief Financial Officer John Rogers bought £50,000-worth of shares in the firm on the same day the company unveiled a disappointing period of trading. Like-for-like (LFL) sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations
Read moreSector movers: Increased risk benefits banks, miners
12th Jun 2012 19:34
Banks and miners were making gains on Tuesday as risk appetite increased on the back of hopes that the Federal Reserve (Fed) may announce further stimulus next week at its policy meeting. Chicago Fed President Charles Evans today threw his weight behind the central bank kick-starting the world's la
Read moreLondon open: Stocks flat on euro uncertainty
12th Jun 2012 08:40
- Markets still digesting Spanish request for aid - Investors look ahead to Greek elections, Italian bond auction - Miners and banks drop early on London's blue-chip index opened flat on Tuesday morning with all eyes on the Eurozone following the recent Spanish request for aid and ahead of the cruc
Read moreLloyds selling out of Japan
12th Jun 2012 08:40
Lloyds Banking Group has taken the first step to getting out of Japan after announcing the sale of its remittance business in the country. The group, which is 43% owned by the UK taxpayer, is selling GoLloyds to Shinsei Bank The total assets subject to the transaction with Shinsei Bank total £1.
Read moreLondon close: Gains erased on uncertainty over Spain
11th Jun 2012 17:17
- Stocks lose gains after strong start - Spanish requests up to 100bn for troubled banks - Investors eye Greek elections The Footsie finished flat on Monday despite surging from the off after the initial euphoria over a Spanish request for European aid faded quickly. Equity markets across the cont
Read moreFTSE 100 movers: Financials push top tier index higher
11th Jun 2012 14:41
Financial stocks were tracking their European counterparts higher on Monday, as the continent's banking industry celebrated Spain's request for aid. Barclays, Lloyds and RBS were among the highest risers, helped by Oriel Securities which kept buy ratings on all three stocks today. HSBC was also ga
Read moreLondon midday: Gains pared after Spanish bank-bailout
11th Jun 2012 11:28
- Spain asks for 100bn euros for its banks - Spanish bond yields still on the up - Financials across Europe gain The FTSE 100 was firmly in positive territory by Monday lunchtime, but the index was trading well off its intraday high of 5,532 as investors digested this weekend's request from Spain f
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreLondon open: Banks surge after Spanish request for aid
11th Jun 2012 08:33
- Spain asks for 100bn euros in aid - Chinese trade data beats expectations - Increased risk benefits banks and miners The weekend's bailout deal for Spain fuelled a surge in London's blue chips on Monday morning, as concerns over the country's troubled financial sector eased. Spain, the fourth E
Read moreMonday newspaper round-up: China, RBS, Syria
11th Jun 2012 07:05
China's leadership remains under pressure to rescue the world's second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crud
Read moreFriday newspaper round-up: CIC, M&S, Evraz
8th Jun 2012 07:17
The head of China's sovereign wealth fund has cut his holdings in Europe. Lou Jiwei, chairman of China Investment Corporation (CIC), said: "There is a risk that the Eurozone may fall apart and that risk is rising." Beijing has been increasingly concerned that the crisis in Europe ? its biggest expor
Read moreLondon close: Stocks gain with central banks in the spotlight
7th Jun 2012 16:53
- Gains trimmed after Bernanke comments - China surprises with rate cut - BoE maintains rates and QE The FTSE 100 made impressive gains on Thursday with all eyes on the central banks, though comments from Ben Bernanke knocked the blue-chip index off its intraday high in afternoon trade. The Bank o
Read moreFTSE 100 movers: Johnson Matthey in top spot after top year
7th Jun 2012 15:45
Platinum refiner Johnson Matthey jumped into the top spot after hailing another year of strong growth as it delivered numbers ahead of market expectations and a special divi worth a quid a share. Luxury brand Burberry was hot on its heels after Credit Suisse upgraded the stock from neutral to outp
Read moreLondon midday: China cuts interest rates, steals spotlight
7th Jun 2012 11:39
-PBoC cuts rates -BoE maintains rates and QE -Investors digest stimulus speculation -Stocks react positively to Spanish debt auction The FTSE 100 index was trading close to its intraday high by Thursday lunchtime despite weakness in the mining sector; the Bank of England revealed at noon that it ha
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