Footsie clunkers of 2011
25th Dec 2011 11:45
Having had a quick shufti at the best performing FTSE 100 stocks of 2011, it is time to have a look at the clunkers. Indian reservations The curious thing about duff performers in the top-share index is that they don't stay in the Footsie if their share price decline continues for too long. As an
Read moreLondon close: Footsie hits nine-day high after economic data
22nd Dec 2011 16:25
The Footsie held on to gains by the close, helped by some helpful economic data at home and abroad. It seems as if the 'Santa rally' that many had put on their Christmas lists has finally started to bear fruit with London's blue chip index finished at the highest closing level since last Tuesday. B
Read moreSector movers: Banks helped higher by macro data
22nd Dec 2011 15:42
The banks were on the rise on Thursday afternoon helped by some helpful economic data at home and abroad. Lloyds led the way, followed closely by RBS and Old Mutual as stocks rallied on news that the UK gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previo
Read moreFTSE 100 Movers: GDP data boosts Lloyds into top spot
22nd Dec 2011 13:36
Better-than-expected GDP data helped to boost financials into the top ten. Lloyds led the way, followed closely by RBS and Old Mutual as stocks rallied on news that the UK gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previous three months, according to th
Read moreLondon midday: Stocks higher after GDP data
22nd Dec 2011 11:35
Gains were bolstered by midday on the FTSE 100 with some better-than-expected GDP data helping to boost sentiment. Financials were among the high risers of the day, with Schroders, Lloyds, RBS and Old Mutual among the best performers. UK gross domestic product (GDP) grew by 0.6% in the third quarte
Read moreFTSE 100 Movers: Lloyds leads banks higher
21st Dec 2011 12:58
Banks, in particular Lloyds, were on the rise today, despite credit ratings agency Moody's saying Britain's cherished triple-AAA credit rating could be under threat if the Eurozone crisis worsens. Moody's Investors Service said last night: "Any additional weakening in the macro-economic outlook or
Read moreLondon midday: Footsie laid low by Unicredit, rumours of French downgrade?
21st Dec 2011 11:39
The banks were providing a lift at midday, but the Footsie was registering only slight gains with only a few days before Christmas. Hopes of a 'Santa rally' seem to have been dampened towards midday by the suspension from trading of shares of Unicredit 'limit-down'. They have since resumed trading
Read moreFTSE 100 movers: Aggreko extends gains, pharmas fall
20th Dec 2011 15:29
Temporary power supplier Aggreko was leading the gains on the FTSE 100 on Tuesday, as investors continue to celebrate yesterday's news that full-year profits should come in slightly ahead of previous guidance. Media stocks were also on the rise with advertising giant WPP among the best performers i
Read moreLondon midday: Banks and pharmas drag Footsie lower
20th Dec 2011 11:54
London's blue chip index was slightly down at midday, despite a temporary stint in the blue, with heavyweight banking and pharmaceuticals stocks providing a drag. The Footsie nevertheless has been trading within a narrow range, with just 33 points separating the intraday low and high. The European
Read moreLondon close: Banks tumble as Osborne speaks
19th Dec 2011 16:19
The Footsie tanked in late afternoon trade with the government's response to Sir John Vickers banking report weighing heavily on the banking sector. In a debate in the House of Commons, Chancellor of the Exchequer George Osborne said that lenders should be forced to ring-fence their high street len
Read moreFTSE 100 movers: Banks weighed down by ICB report
19th Dec 2011 14:21
The banks were among the worst performers of the day on Monday as they awaited a the government's response to proposed changes to the sector by the Independent Commission on Banking (ICB). The ICB has recommended that lenders should be forced to ring-fence their High Street lending operations from
Read moreLondon midday: Banks fall, Footsie flat
19th Dec 2011 11:50
The Footsie pared gains and was trading flat by midday with banking stocks providing a drag ahead of the government's response to Sir John Vickers' report into banking. The Bank of England's Quarterly Bulletin revealed that 56% of households surveyed reckoned that income available after tax, insura
Read moreMonday newspaper round-up: Eurogroup, South Korea, Lloyds
19th Dec 2011 06:54
Jean Claude Juncker, the head of the Eurogroup, said all 27 European Union finance ministers, including George Osborne, would talk together in the afternoon to approve or reject extending the funds to the IMF as agreed in Brussels by December 19. The loans would be used by the IMF to support struggl
Read moreFTSE 100 Movers: Kazakhmys leads the miners higher
16th Dec 2011 14:14
Kazakhmys leapt into the top spot after investors learnt that it has signed a memorandum of understanding with the China Development Bank Corporation for a $1.5bn loan facility, which is to be used for the development of the major copper project at Aktogay, East Kazakhstan. The facility consists of
Read moreLloyds boss wakes up and buys 0.6m shares
15th Dec 2011 15:45
Announcing his return to work just six short weeks since taking leave on medical advice, Lloyds boss Antonio Horta-Osorio celebrated his recovery with the purchase of $226,962-worth of shares in the part-nationalised lender. The director, who was signed off sick with extreme fatigue and sleep depr
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