Monday newspaper round-up: IMF, BHP Billiton,William Hill
16th Apr 2012 06:57
Britain is close to agreeing a new £10bn commitment to the International Monetary Fund as the Bretton Woods institution seeks to double its war-chest at its spring meeting this week. George Osborne is expected to support the IMF's calls for greater resources in back-room negotiations, but will only
Read moreLondon close: Footsie drops to intraday low on weak macro data
13th Apr 2012 16:36
- Macro data scares away bulls - Financials drag blue-chip index lower - Footsie down 1.3 per cent on the week The Footsie finished Friday's session close to its worst levels of the day as investors fretted about the global economic outlook; data from China and the US came in worse-than-expected a
Read moreLondon midday: Eurozone, Chinese concerns weigh on market
13th Apr 2012 11:43
- Chinese GDP misses forecasts - Miners rise on speculation of police easing in China - Spanish bank borrowing nearly doubles London's blue-chip index was firmly lower by Friday lunchtime and US stock futures were pointing to a weak start on Wall Street as economic data from China and concerns over
Read moreLloyds still in exclusive talks with Co-Op
12th Apr 2012 14:15
Lloyds, the UK banking giant, remains in talks with The Co-Op to sell 632 of its bank branches. The announcement follows a proposal from financial investment company NBNK. In a statement the company said: "The group acknowledges receipt of a letter outlining an indicative revised proposal from NB
Read moreLondon close: Banks, miners lead the rebound
11th Apr 2012 16:43
- Spanish, Italian yields fall on ECB intervention speculation - Barclays leads banks higher after upgrade - UK retail sales values rise in March London's FTSE 100 index finished Wednesday's session strongly following a steep fall yesterday, as investors saw opportunity to build positions in two he
Read moreLondon midday: Risk appetite increases as banks, miners advance
11th Apr 2012 12:08
- Footsie back above 5,600 after sell-off - Banks, miners among best performers on Footsie - Michael Page unwanted on FTSE 250 After a tentative start, the Footsie was firmly higher by lunchtime on Wednesday, rebounding after yesterday's mass sell-off on the back of worries over the US jobs market
Read moreLondon close: Footsie sinks to 2012 low
10th Apr 2012 16:56
- Miners suffer sell-off on macro-economic concerns - US jobs data dampens sentiment - Randgold bounces back after Malian settlement London's FTSE 100 index slumped to its lowest levels in 2012 on Tuesday as investors had a four-day weekend to digest a gloomy US jobs report out on Friday. Just a ha
Read moreFTSE 100 movers: Randgold rises on Mali settlement
10th Apr 2012 15:18
Gold miner Randgold Resources leapt into the top spot after it welcomed the announcement of a political settlement in Mali which will see the lifting of sanctions against the country by its West African neighbours. The stock was bucking the trend though with miners in general leading the decline a
Read moreLondon midday: Miners provide a drag on Footsie
10th Apr 2012 11:53
- Friday's US jobs data dampens sentiment - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement The Footsie had fallen by nearly one whole percentage point by Tuesday lunchtime as investors digested a gloomy jobs report from the US which came out on Friday.
Read moreLondon open: Stocks drop on US jobs report
10th Apr 2012 08:32
- Markets digest Friday's US jobs data - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement After a long weekend, the FTSE 100 fell sharply in early trade on Tuesday on the back of a mixed performance by the miners and a decline in the banking sector, as in
Read moreFTSE 100 movers: Ashmore bucks the trend
5th Apr 2012 14:32
Fund manager Ashmore was bucking the downward trend of the financial sector after UBS raised its rating on the stock from neutral to buy. The broker said that its recent under-performance, combined with the strong fund performance and record inflows at industry level, was the reason behind the upgra
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreLondon open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreHouse prices bump along
4th Apr 2012 08:09
Average UK house prices remained flat across the first three months of 2012, according to new figures from the Halifax. House prices showed a decline of 0.1%.in the first quarter of 2012 compared with the final three months of 2011 and were 0.6% lower than in the same period last year. There was a
Read moreWednesday newspaper round-up: Spain, Fed, RBS/Lloyds...
4th Apr 2012 06:50
"Spain has set off further alarm bells among bond investors and its crisis-hit eurozone neighbours by conceding that its debts will balloon this year to their highest level for two decades. The admission fanned fears that the recession-bound country will lose its battle to stay on top of its debts w
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