FTSE 100 movers: International Power up on bid price
16th Apr 2012 14:25
Rising higher was utilities firm International Power after French shareholder GDF SUEZ raised its bid from 390p to 418p per share. Investec said today that it does not foresee much regulatory risk to the take-over given that GDF already owns 70 per cent of the company. The financial sector was be
Read moreLondon midday: Stocks shrug off euro worries
16th Apr 2012 11:38
- Int'l Power rises strongly after GDF SUEZ bid - Spanish 10-year bond yield above six per cent - Lloyds leads financials lower Despite a sell-off in the heavyweight banking sector and the soaring borrowing costs on Spanish debt, the Footsie had extended gains by lunchtime with International Powe
Read moreCrunch time for Co-op in Lloyds negotiations
16th Apr 2012 08:37
The Co-operative Society is reportedly set to make a decision this week on whether it should press on with its tortuous negotiations with Lloyds Banking Group over the acquisition of 632 branches from the part-nationalised lender. The Financial Services Authority (FSA) has put a road block on progr
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreMonday 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
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