London close: Oil stocks weigh on FTSE 100
20th Jan 2012 17:03
- Oil stocks track prices lower. - Chinese manufacturing disappoints. - Greek talks ongoing, sides close to a deal. UK stocks finished Friday's session down an average 0.2% with oil stocks providing a drag on the FTSE 100, tracking oil prices lower. The blue chip index swung between gains and loss
Read moreFTSE 100 movers: RBS up on news of ECB loan
20th Jan 2012 14:05
Shares in RBS rose on news the part-nationalised lender, which is 84% owned by taxpayers, last month borrowed emergency funds offered by the European Central Bank through its long-term refinancing operations (LTRO). It means that the lender can avoid the need to sell-off assets to meet heightened sh
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreLondon close: Footsie up 0.7% as banks and IAG surge
19th Jan 2012 17:05
-Euro optimism drives gains. -Barclays, Lloyds, RBS leads the risers. -Essar falls 11.9%, still volatile after Indian tax ruling. A combination of better-than-expected earnings figures and economic data from the US, talks of progress between the Greek government and private creditors, and strong de
Read moreSector movers: Banks rise on euro optimism
19th Jan 2012 16:23
Banks rose by an average 4.98% on Thursday as euro optimism lifted sentiment across global markets. Barclays jumped 10%, closely following by Lloyds and RBS, with the buying mood bolstered by several different factors, including: better-than-expected results from Bank of America; talks of progress
Read moreFTSE 100 movers: Banks move higher
19th Jan 2012 14:42
Bankings stocks were providing a lift at midday with Barclays, RBS, Lloyds and HSBC all among the best performers, aided by euro optimism which has given a boost to sentiment. Tesco was also on the rise after US investor Warren Buffett stocked up on shares in the supermarket giant. Meanwhile, Es
Read moreLondon midday: Banks lead risers, Essar still volatile
19th Jan 2012 11:54
- Spain sells more than target in debt auction - Greek talks ongoing - Consumer confidence falls The Footsie extended gains by midday, with the banks performing well, with euro optimism giving a boost to sentiment. The Spanish Treasury has this morning sold €6.61bn in long-term debt, well above th
Read moreLondon open: Footsie flat despite euro optimism
19th Jan 2012 08:22
The FTSE 100 opened flat on Thursday morning, following gains made yesterday after the news that the International Monetary Fund (IMF) is boosting its lending capacity by at least $500bn. Lifting sentiment was a source from the Greek finance ministry, who told French news agency Agence France-Pre
Read moreLondon midday: Footsie flat as markets digest S&P move
16th Jan 2012 11:54
After a stint in the blue, and the red, the Footsie was trading flat by midday on Monday, as the markets digested the S&P move to downgrade nine Eurozone countries on Friday evening. Eyes are on France as the nation looks to issued €8.7bn in government debt today. Standard & Poor's (S&P) "finally"
Read moreLloyds injects €80m into Spanish subsidiary
16th Jan 2012 09:55
British banking giant Lloyds has injected €80m into its Spanish subsidiary in order to strengthen its solvency, reports Spanish daily Cinco Dias. The measure will increase capital from €131m to €211m. The newspaper also reports that the firm will close 2011 with a core capital ratio of more than
Read moreLondon open: Footsie slips after S&P move, Carnival drops
16th Jan 2012 08:17
The Footsie slipped 0.2% in the opening minutes, following Friday's move by S&P to downgrade nine Eurozone nations. Meanwhile, cruise ship operator Carnival saw shares drop early on after releasing a statement relating to the grounding of a luxury liner off the Italian coast. Standard & Poor's (S&P
Read moreLondon close: French downgrade rumours sink Footsie
13th Jan 2012 16:34
Markets turned south in afternoon trade on rumours of imminent action by ratings agency Standard & Poor's (S&P) to downgrade the ratings of several Eurozone countries. A senior Eurozone government official has been cited as saying that both France and Austria could have their ratings downgraded by
Read moreFTSE 100 Movers: RBS in top spot for a second day running
13th Jan 2012 12:44
Royal Bank of Scotland (RBS) led the way higher on Friday morning, extending gains from yesterday, when the shares bounced after the lender revealed a massive shake-up to its investment banking and wholesale businesses, including a mass job cull of 3,500. Seymour Pierce fuelled gains after upgrading
Read moreLloyds chief executive to waive 2011 bonus
13th Jan 2012 12:12
The chief executive of Lloyds, Antonio Horta-Osório, will waive his 2011 bonus, after his recent return from a leave of absence and as pressure mounts on banks over large pay packets, The Wall Street Journal is reporting. As of 12:11pm shares of Lloyds are rising by 2.83% to the 29.98p mark. AB
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