Sunday papers round-up: Stress tests, News Corp, care homes ...
17th Jul 2011 11:36
The European Banking Authority (EBA) has attempted to quell City complaints over Friday's widely-criticised industry stress tests, telling analysts they would have liked to have made them harsher but were unable to do so. The Sunday Telegraph reports that the EBA admitted that figures given by the b
Read moreBroker tips: BSkyB, Burberry, Lloyds
14th Jul 2011 13:17
In a statement of the blindingly obvious, Panmure Gordon says that the probability of a successful takeover by Rupert Murdoch's News Corporation of the satellite broadcaster BSkyB has been reduced to zero. Panmure, which previously thought there was a 10% chance of the deal going ahead, places its
Read moreBroker snap: Goldman a buyer of Lloyds
14th Jul 2011 09:13
The analysts at Goldman Sachs have upgraded their recommendation for part-nationalised lender Lloyds from 'neutral' to 'buy' due to a more attractive risk-return trad-eoff following the recent decline in stock price. Goldman's analysts also point out three possible bullish catalysts for the medium-
Read moreThursday newspaper round-up: Banks, Bernanke, BSkyB
14th Jul 2011 06:27
Britain's banks have lined up to oppose reforms proposed by the Government's Independent Commission on Banking (ICB). In submissions to the ICB, the "big four" banks - Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group - raised objections or tried to buy time on the ICB's proposals. The
Read moreLloyds pushes ahead with the sale of 632 branches
12th Jul 2011 13:51
The deadline for the sale of 632 Lloyds retail branches passed on Monday, with the part-nationalised lender receiving indicative bids from parties including Virgin Money and NBNK Investments, according to reports from Dow Jones Newswires. António Horta-Osório, the chief executive of Lloyds, set the
Read moreLondon close: BSkyB, financials provide a drag
11th Jul 2011 16:37
The Footsie dropped over 1% lower on Monday as satellite broadcaster British Sky Broadcasting (BSkyB) and European debt-contagion fears weighed on sentiment. Shares of BSkyB took a tumble as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was pre
Read moreFTSE 100 movers: BSkyB leads fallers, Int'l Power rises
11th Jul 2011 15:11
Shares of BSkyB dropped by6% and was the top loser on the blue chip index on Monday as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was preparing to ask telecoms regulator Ofcom for additional advice. The Australian government's proposal on cl
Read moreLondon midday: Takeover concerns continue to hit BSkyB
11th Jul 2011 12:24
After briefly touching the 6,000 level, the Footsie slumped 30 points lower on Monday morning, with satellite broadcaster British Sky Broadcasting Group (BSkyB) providing a drag. Shares of BSkyB dropped more than 6% and was the top loser on the blue chip index at lunchtime as the potential takeover
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreSector movers: S&P spectre haunting banks
4th Jul 2011 15:11
The Footsie is nestling comfortably above 6,000 but its advance is no thanks to the banks, which are friendless on a resurgence of worries about Greece. Fears that the credit ratings agencies will regard the latest rescue plan for Greece as a default in all but name is putting the wind up holders o
Read moreFriday newspaper round-up: Vedanta/Cairn, SFO, Paul Fisher, broadband spat
1st Jul 2011 06:04
India's Cabinet has finally given the go-ahead for London-listed mining company Vedanta Resources to take over Cairn Energy's prized India assets, nearly 11 months after the two companies first announced plans for the $9.6bn deal. However, New Delhi will require Cairn India's new owner to take on mo
Read moreLondon close: Rally continues as Greek fears ease
30th Jun 2011 16:38
The rally continued Thursday, helping the top share index move back towards the 6,000 point mark it had been flitting around from the beginning of the year until the escalation of the Greek debt crisis. The Greek parliament's second vote on the proposed new austerity measures provided further chee
Read moreSector movers: Lloyds lifts banks, Petrofac weighs on oil services
30th Jun 2011 14:14
Banking giant Lloyds rose nearly 9% on Wednesday afternoon after revealing the details of its strategic review, providing a lift to the banking sector, which was broadly higher. Lloyds is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims includ
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