Sunday 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
Read moreSector movers: Banks hit by US sub-prime lawsuit
5th Sep 2011 16:01
The banks were among the heaviest fallers on Monday on the back of concerns over the multi-billion pound legal case regarding the subprime mortgage crisis in the US. There were no sectors in the blue as London suffered a steep sell-off. There was speculation that the 17 banks being sued could be se
Read moreFTSE 100 Movers: Randgold is the only blue-chip looking up
5th Sep 2011 15:14
The FTSE 100 plunged today, with banks responsible for much of the decline as they look set to get hit by a double-whammy from debt rating agency Moody's and the US Federal Housing Finance Agency. Shares in banks fell back after a report said that the ratings agency Moody's is set to lower its ra
Read moreLondon midday: FTSE 100 slumps as RBS and Lloyds slide
5th Sep 2011 12:19
London's leading share index is firmly in negative territory, with banks and retailers coming in for some heavy selling. Shares in banks 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 t
Read moreMoody's downgrade report hits UK banks
5th Sep 2011 10:43
Shares in banks 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 is awaiting the Independent Commission on Banking's (ICB) report on September 12, which is expected to recomme
Read moreLondon close: Footsie tumbles over 2%
2nd Sep 2011 16:30
The Footsie finished over 2% down on Friday, as London was not immune from the global sell-off, meaning that just eight out of the 100 blue chips stocks closed in the blue. After a poor start in early trade, sentiment was dampened after a worse-than-expected jobs report in the US which showed that n
Read moreLondon close: Stocks close higher after choppy day
1st Sep 2011 16:39
The FTSE 100 finished in the blue having flitted between positive and negative territory for much of the day. Wealth manager Hargreaves Lansdown was the star performer after its results. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividen
Read moreFTSE 100 movers: Banks up, miners down
1st Sep 2011 14:24
Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividend by nearly 60%. Elsewhere in finance, RBS, Lloyds and Barclays have powered forward, buoyed by rumours that reform of the banking sect
Read moreLondon midday: FTSE 100 falls but RBS leads banking surge
1st Sep 2011 12:30
London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers. Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its div
Read moreUK financial reform could be delayed as banks scramble to avoid taxes
1st Sep 2011 10:49
Rumours are flying that reform of the UK's financial sector could be delayed until 2015 - after the next election. Reports from the Financial Times and the BBC claim legislation could be passed to split banks' retail and investment arms before 2015 but not implemented until later. Banks have been
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
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