London open: RBS, Barclays and Lloyds shrug off decline
26th Sep 2011 08:31
The top share index has recovered partially after tumbling below the 5,000 point mark on continuing worries over the Eurozone situation. Plans by European policymakers to up the amount of funds set aside to deal with the ongoing problems in Greece have failed to reassure markets. Miners lead the
Read moreLondon close: Buoyant RBS, Barclays and Lloyds boost FTSE 100
23rd Sep 2011 16:38
Stocks rediscovered their earlier strength, but only after tumbling below the 5,000 point mark on another volatile day for the leading share index. Banks were prominent among the risers, with Barclays, Lloyds and RBS posting decent gains, after talk of a 50 basis point cut in European Central Bank
Read moreLondon open: Lloyds, RBS and Barclays lead rally
23rd Sep 2011 08:14
Shares have staged an impressive rally after yesterday's slide, with banking trip Lloyds, RBS and Barclays setting the pace in the FTSE 100. They are joined higher by private equity investor 3i, which warned that falling stock markets will lead to an inevitable fall in the value of its portfolio at
Read moreLondon close: Markets dive on dismal global outlook
22nd Sep 2011 16:30
Gloomy comments from the Federal Reserve last night followed by even gloomier remarks by leading economists terrified the markets on Thursday, with benchmarks in the UK, Europe and the US suffering falls of between 3% and 5% as of 16:30. The FTSE 100 in London was nearly 5% down by the end of the se
Read moreThursday newspaper round-up: Vodafone, uncollected taxes, BP
22nd Sep 2011 06:00
Vodafone has been accused by India's tax authorities of creating an "artificial tax avoidance scheme" for its $11.2bn takeover of Hutchison-Essar in 2007. Speaking at the start of a hearing in India's Supreme Court over $2.5bn in taxes being disputed by the British company, the Solicitor-General cla
Read moreLondon close: Stocks dive as Greek worries persist
21st Sep 2011 16:50
Shares closed firmly in the red as the Eurozone crisis rumbled on, with Greece's government meeting to discuss austerity measures including public sector lay-offs. Reports suggest that Greece will have to wait until next week to find out if it has done enough to persuade the officials from the Inte
Read moreFTSE 100 Movers: Lloyds rising high after FT report
21st Sep 2011 13:03
Lloyds Banking was topping the leaderboard after a report from the Financial Times which said that the firm is set to sell a portfolio of commercial property loans worth around £1bn. Lloyds has declined to comment on the matter. Mining giant Rio Tinto saw a drop in its share price after reporting
Read moreLloyds sells £1bn of loans
20th Sep 2011 10:20
Lloyds Banking Group has launched the sale of £1bn of commercial property loans, according to a report in Reuters, citing sources "with knowledge of the matter." Reuters said that the part-nationalised lender's sale of loans is being handled by investment bank JP Morgan Cazenove. News of the sale
Read moreFTSE 100 Movers: Lloyds lower on FD's defection
19th Sep 2011 12:52
Lloyds Banking was leading the fallers after announcing that it will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. The move prompted Evolution Securities to reiterate its "buy" recommendation on the banking giant, b
Read moreBroker tips: Lloyds, Britvic, Airlines...
19th Sep 2011 12:29
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. "Tim Tookey's departure represents a de facto clean sweep of the executive team inherited by new chief executive officer Antonio Horta Osorio when he arriv
Read moreBroker snap: Tookey resignation a clean sweep for Lloyds, says Evolution
19th Sep 2011 11:48
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. It was announced on Monday that Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in Fe
Read moreUPDATE: Lloyds waves goodbye to two board members
19th Sep 2011 10:51
Lloyds Banking Group will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in February as chief fina
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreLondon pre-open: Eurozone debt fears return to haunt Footsie
19th Sep 2011 07:21
The Footsie is in danger of opening the week with a triple-digit decline after European finance chiefs meeting last week failed to come up with a convincing solution to the Eurozone's debt problems. City sources predict the FTSE 100 will open down 98 points from Friday's close of 5,368. Lord Leitc
Read moreLloyds waves goodbye to two board members
19th Sep 2011 07:15
Lloyds Banking Group will wave goodbye to two of its boardroom members, finance director Tim Tookey and Scottish Widows' deputy chairman Lord Sandy Leitch. Tookey, who joined Lloyds in April 2006 and become a board member in 2008, will be joining insurance giant Resolution in February as chief fina
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