London open: Thumbs-up for Lloyds
8th Nov 2011 08:44
It has been a hectic morning for big company announcements, busy enough to distract traders from events in the Eurozone. Eight of the FTSE 100 companies have made trading updates already, while insurance giant Prudential is set to weigh in with his third quarter update at 9:00am. Part-nationalised
Read moreLondon pre-open: Lloyds plays 'pick a number'
8th Nov 2011 07:34
London is set to make a quiet start, possibly because traders are trying to determine which numbers to focus on in the trading update this morning from Lloyds Banking. City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,527. Part-nationalised lender Lloyds Banking
Read moreProfits down at Lloyds as financial instability begins to bite
8th Nov 2011 07:32
Lloyds Banking Group has seen profits and income fall between July and September as financial uncertainty has made life difficult for Britain's biggest high street lender. Total income net of insurance was £5,075m in the third quarter, down 5.5% on the April to June period and down 8% on the equiv
Read moreTuesday preview: Lloyds, M&S, AB Foods, Prudential
7th Nov 2011 18:03
Temporary chief executive Tim Tookey will no doubt be handling conference call duties on Tuesday after the release of third quarter figures from part-nationalised lender Lloyds Banking. Tookey, the group's chief financial officer, is standing in for António Horta-Osório, while the Portuguese boss re
Read moreWeek Ahead: Lloyds Banking, Marks and Spencer, BoE
4th Nov 2011 10:00
There is no shortage of big companies reporting in the second week of November, with the likes of HSBC and Lloyds keeping the banking results season ticking over, and Legal & General continuing the spate of insurers reporting. On top of that, the Bank of England will be reporting on Thursday on how
Read moreLondon close: US jobs data fuels rally
2nd Nov 2011 16:40
UK equities finished near their highest levels on the day after better-than-expected jobs data in the US gave a boost to markets this side of the Atlantic. The Footsie finished over 1% higher, despite falling into the red before midday, as investors continue to keep an eye on ongoing developments in
Read moreFTSE 100 Movers: Miners rising high
2nd Nov 2011 13:39
Africa-focused gold miner Randgold Resources surged higher after profits for the third quarter jumped by 336% on last year to $122.9m, helped by the sale of 31,646 ounces of previously held gold on hand at Tongon. Mining peers Fresnillo and Kazakhmys were also higher. Miners were also buoyed by ri
Read moreLondon midday: Footsie slips into the red
2nd Nov 2011 12:41
The FTSE 100 swung between gains and losses on Wednesday morning as investors kept their eye on developments in the Eurozone. By midday, the blue chip index was slightly in the red, with some disappointing manufacturing data weighing on sentiment. GREECE, EUROZONE MANUFACTURING, US FED The decisio
Read moreLondon open: Modest recovery led by Next
2nd Nov 2011 09:24
The Footsie was making a modest recovery on Wednesday, following yesterday's mass sell-off on the back of news of a Greek referendum. While the situation in the debt-laden country seems to be getting worse - with its prime minister rejecting calls for the vote to be cancelled - buyers returned to Eu
Read moreCFO Tookey to be interim CEO at Lloyds Banking
2nd Nov 2011 07:46
Chief financial officer Tim Tookey is to sit in for António Horta-Osório as chief executive of Lloyds Banking while the hard-charging boss takes a well earned rest. Tookey's stint as chief executive is not expected to last beyond the end of the year, after which he will return to his previous role
Read moreLondon close: Miners plummet, Footsie drops 2.8%
31st Oct 2011 16:33
London's blue chips registered an average fall of 2.77% on Monday as a steep sell-off in the heavyweight mining sector dragged the Footsie down to 5,544, 158 points off Friday's close of 5,702. Just three stocks finished the day with gains. The steady decline continued following a dreary start on W
Read moreLondon midday: Miners tumble as Japan intervenes
31st Oct 2011 12:15
The miners dragged the Footsie over 1% lower by midday after Japan's intervention into the currency markets and Chinese demand worries spurred a fall in commodity prices. London's blue chip index remains firmly in the red at the 5,641 mark, down from Friday's close of 5,702. In economic news, the g
Read moreLondon close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreFTSE 100 Movers: Bank investors loose enthusiasm
28th Oct 2011 13:17
ITV was on the up after RBS reiterated its "buy" hold on the stock. Meanwhile, International Consolidated Airlines dipped following a target price cut from UBS from 260p to 240p. Barclays was also falling despite an upgrade from J.P.Morgan from neutral to overweight and a "buy" reiteration from
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
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