FTSE 100 movers: Banks take a beating
26th Nov 2010 13:28
Banks continue to decline because of worries about the euro-debt crisis with Lloyds and RBS leading the way. Rio Tinto says that capital spending will probably be around US$13bn in the 18 months to December 2011. That didn't prevent the share price declining along with other miners. Centrica, whi
Read moreLondon midday: Shares slide amid euro concerns
26th Nov 2010 12:01
The leading share index's losses are almost in the triple-digits now as worries over the euro-debt crisis persist. Portugal's insistence that it is not under pressure to follow Ireland in accepting a bail-out failed to reassure investors. Bond yields in Portugal and other debt-plagued eurozone coun
Read moreFriday newspaper round-up: Euro crisis, Standard Chartered, Retail sales...
26th Nov 2010 06:36
The eurozone's emergency bailout fund may have to be boosted further if it fails to reassure financial markets, a member of the European Central Bank's governing council has said. Axel Weber, who is President of the Bundesbank, said that EU governments' €750bn (£640bn) facility ought to be adequate
Read moreThursday newspaper round-up: British banks, Irish banks, PIGS
25th Nov 2010 06:02
Britain's biggest banks are working on a joint plan to cut bonus payouts and boost lending to small business. As political pressure grows ahead of January's bonus round, The Times has learnt that senior executives from Barclays, HSBC, Standard Chartered and Royal Bank of Scotland held discussions l
Read moreLondon close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
Read moreLondon midday: Shares holding on
24th Nov 2010 12:24
Shares remain in the blue after some well-received company updates this morning, although the euro crisis is still looming in the background. Credit ratings agency Standard & Poor's (S&P) has cut its debt rating for Ireland as the Irish government puts the finishing touches to a four-year plan to
Read moreLondon open: Footsie opens higher
24th Nov 2010 08:46
London has opened better than expected thanks to a rebound by the miners and a smattering of good trading updates. There has also been some easing of tension in Korea, though not in Europe where the EU is heaping pressure on Ireland to agree to its bail-out. UK banks are weak again becasue of the
Read moreLondon afternoon: TUI bid rumour revived
23rd Nov 2010 14:11
With the Dow Jones index expected to register a triple-digit fall when Wall Street opens, sentiment in London has dipped further. Fears of debt contagion in the euro-zone are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland defies
Read moreLondon midday: Tough morning for blue chips
23rd Nov 2010 11:48
Blue chips have had a difficult morning with the twin concerns of a serious outbreak of fighting in Korea and Irish bail-out worries knocking sentiment. Fears of debt contagion are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland
Read moreLondon open: Korea and Ireland sink markets
23rd Nov 2010 08:50
Renewed hostilities between North and South Korea and fears that the euro-crisis will spread beyond Ireland have made for a poor start on markets across Europe. Economists are lining up up to say the bail-out proposed for Ireland won't be enough to save the eurozone, while North Korea shelling a So
Read moreTuesday newspaper round-up: Ireland, Rolls-Royce, Spotify...
23rd Nov 2010 06:35
Ireland's €85bn rescue will not be enough to stamp out the eurozone crisis, leading economists warned last night, as George Osborne conceded that British taxpayers may have to bail out other European countries. With the Irish Government on the brink of collapse and the credit agency Moody's predict
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
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