London close: FTSE 100 rises 1% as euro fears ease
14th Sep 2011 16:30
The Footsie finished strongly on Wednesday, gaining over 1%, despite a slow start for US stocks after retail sales were unchanged in August. Stocks were helped on numerous reports of governments riding to the rescue of Europe - such as the BRICs (Brazil, Russia, India, and China) who are said to be
Read moreWednesday newspaper round-up: Banking reforms, News Corp, Intel
14th Sep 2011 06:30
Proposals for sweeping reforms to Britain's banks have reignited speculation that some big lenders may move their operations abroad. HSBC and Barclays have been given an incentive to shift all or part of their businesses overseas after the recommendations in Sir John Vickers' report on banking, anal
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
Read moreLondon open: M&B leads the rise after offer rejection
13th Sep 2011 08:32
Reports that China is planning to provide support to the Eurozone helped UK stocks higher on Tuesday morning, following a late recovery on Wall Street last night. Wall Street's rally was prompted by reports that Italy's government is negotiating with the Chinese government in the hope that Beijing
Read moreLondon close: Miners, banks unwanted as Footsie falls 1.6%
12th Sep 2011 16:28
Despite finishing over 1% down, the FTSE 100 managed to pull back slightly despite a broad sell-off across Europe and a mixed start on Wall Street. Concerns over Europe's sovereign debt crisis were escalated today on speculation that Greece is headed for a default. Meanwhile, Greece's prime ministe
Read moreLondon midday: Stocks stuck lower but Lloyds bucks trend
12th Sep 2011 12:03
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue. The UK has its own concerns though after the government-appointed Independent Commission on Banking has said British banks should separate their retail bank
Read moreLondon open: Stocks tumble after banking report
12th Sep 2011 08:24
Footsie has dived more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Commission o
Read moreLondon pre-open: Triple digit fall as market digests ICB report
12th Sep 2011 07:32
The Footsie is set to dive more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Com
Read moreBanks to separate retail and investment arms
12th Sep 2011 07:07
British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Commission on Banking (ICB) has said, adding that they should be given more than seven years to implement such reforms. The report was welcomed by the government, which said: "I
Read moreSunday newspaper round-up: Death of 'peak oil', UK stimulus, Derby
11th Sep 2011 15:21
"America is poised to become the world's largest oil producer once again ? nearly four decades after it lost the title," writes The Sunday Times. Goldman Sachs, the investment bank, has predicted that US production will hit 10.9m barrels a day by 2017, a one-third rise over its current lev
Read moreHouse prices fall in August but outlook stable
7th Sep 2011 10:15
UK house prices fell by 1.2% in August compared with the previous month but will hold steady over the coming months, according to the Halifax. The drop in August was the first fall since April and came off the back of three successive monthly rises, the lender said. But the less volatile quarterly
Read moreWednesday newspaper round-up: Quitting the euro, Osborne, Yahoo!
7th Sep 2011 06:05
Quitting the euro would impose horrendous costs even on a strong economy such as Germany, meaning that the single currency is far more likely to lurch towards closer integration than break apart, new research shows. Amid rising tensions on financial markets, analysts at UBS estimated that if Germany
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon close: Another slide for FTSE 100
5th Sep 2011 16:48
Stocks were on the slide Monday, giving up many of last week's gains, with banks bearing the brunt of the selling. Bank shares fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks. Sky News reported over the weekend that Moody's
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