London 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
Read moreFTSE 100 movers: Lloyds jumps 9% to lead the risers
30th Jun 2011 14:02
Lloyds was the high riser of the day, gaining nearly 9% as of 14:00 on Thursday afternoon, after revealing the details of its strategic review. The group is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims include an investment programme in n
Read moreLondon midday: Lloyds leads the charge
30th Jun 2011 12:02
The top share index is in positive territory again, with Lloyds Banking Group leading the charge after revealing the details of its strategic review. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. The ann
Read moreLondon open: Lloyds leads the rise after review
30th Jun 2011 08:37
Lloyds Banking Group was the high riser of the morning after revealing the details of its strategic review. The Footsie opened up near the 5,900 mark, a level not seen since the start of the month. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut i
Read moreLondon pre-open: Lloyds to slim down
30th Jun 2011 07:49
Everything looks copacetic in London with concerns over the Greek debt situation on the back-burner following yesterday's vote in the Greek parliament in favour of introducing austerity measures. City traders expect the Footsie will open around 20 points up from last night's close of 5,856. Banking
Read moreLloyds to shed 15,000 more jobs
30th Jun 2011 07:36
Lloyds Banking Group, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. The announcement today comes as part of a review of the business by its new Chief Executive, António Horta-Osório. Other notable aims include a
Read moreLondon close: Miners, banks finish strongly
28th Jun 2011 16:33
The Footsie was bolstered by a decent start on Wall Street, as US house prices rose for the first time in eight months. Furthermore, global market sentiment was buoyed ahead of a critical vote in Greece to approve austerity measures, vital for the country to receive financial aid. French president
Read moreFTSE 100 movers: Banks wanted as Greek fears ease
28th Jun 2011 14:35
The banking sector was lifting the FTSE 100 on Tuesday, as fears over the Greek situation eased. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of Greek sovereign debt. "We concluded that by stretching out the loans over 30 years, putting (interest r
Read moreTuesday newspaper round-up: Retail job losses, repossessions, Lloyds, IEA
28th Jun 2011 05:58
The squeeze on spending was threatening more than 8,000 high street jobs last night as TJ Hughes became the latest chain to teeter on the brink.The collapse of the Liverpool-based discount department store would put 4,200 jobs in jeopardy. Another 1,600 are at risk at the Jane Norman fashion chain,
Read moreMonday newspaper round-up: Vodafone, Bank of England, BSkyB, cotton surge
27th Jun 2011 06:44
Vodafone is set to raise £1bn this week by quitting Poland's second-largest mobile phone network as part of a retreat from countries where it does not have outright control. Vodafone owns nearly 25% of Polkomtel, and its co-owners ? which include a state-owned copper miner, oil refiner and coal expo
Read moreSector movers: Miners make gains after yesterday's sell-off
24th Jun 2011 15:20
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Antofagasta, the best performer, is being helped higher as copper futures have ris
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