Tuesday newspaper round-up: HSBC, Lloyds, Cotton...
21st Sep 2010 06:32
HSBC is considering a controversial plan to base its next chairman in Hong Kong in a move that could mark a turning point in the international bank's relationship with Britain. HSBC is looking at whether it can hand the chairman's role to Michael Geoghegan, its chief executive, who relocated to Ho
Read moreLondon close: Second wind lifts Footsie higher
20th Sep 2010 16:40
A strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing. US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts. Part-nationalised banking giant Lloyds Banking held up well after it was ann
Read moreLondon afternoon: Lloyds up as Daniels names exit date
20th Sep 2010 14:29
Stocks gave up a proportion of their gains over the lunch time session despite expectations of a firm start on Wall Street. Part-nationalised banking giant Lloyds Banking is holding up well after it was announced that chief executive Eric Daniels is to retire in a year's time. The move was not unex
Read moreLloyds boss Daniels to step down
20th Sep 2010 14:02
Eric Daniels, chief executive of Lloyds Banking Group is to retire in a year's time, the partly state-owned lender said. The announcement comes soon after the bank reported a return to profit following an extremely tumultuous period. Chairman Sir Win Bischoff will now lead a committee to find a suc
Read moreSunday newspaper round-up: ENRC, Bank Commission, Vodafone...
19th Sep 2010 11:13
Sir Richard Sykes, former chairman of Glaxo Smith Kline, the drugs giant, faces the risk of being "blackballed" from the City in a growing row over a disputed African mining deal. Some of the Square Mile's biggest investors are furious with Sykes over his role as senior independent director of Eura
Read moreSector movers: Balfour and Kier construct gains
17th Sep 2010 15:12
On a mostly dull day for stocks, Balfour Beatty is giving the construction and materials sector a lift after a consortium including the contractor was named the preferred bidder for a £250m road scheme in Ireland. The road runs Gort and Tuam in the west of the Republic. Elsewhere in the sector, ho
Read moreWednesday paper round-up: BP, Lloyds Banking, Japan...
15th Sep 2010 06:32
BP was subject to an investigation in the North Sea which found new staff were not trained to "basic safety standards" - six months before its Gulf of Mexico accident. The Health and Safety Executive (HSE) began its inquiry after a complaint by a worker on the Clair rig off the Shetlands, near to w
Read moreLondon midday: Busy going nowhere
14th Sep 2010 12:02
Footsie has been unable to make early gains stick and despite the strength of resource stocks is hovering close to its starting point for the day. Inflation data did little to boost sentiment, with the annual inflation rate remaining unchanged at 3.1% in August against expectations of a slight eas
Read moreLondon open: More gains for Footsie
14th Sep 2010 08:50
Footsie has defied predictions of a fall early on and has pushed on again. The index has been rising steadily now for nearly two weeks. Lloyds and Royal Bank of Scotland are two of the best performers as banks go well again in the wake of the new Basel III guidelines announced yesterday. Rio Tint
Read moreLondon close: Strong run continues
13th Sep 2010 16:42
Shares continued rising Monday as they reacted positively to new banking regulations and Chinese economic data. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. Stocks haven't been this high since 30 April. Banks were
Read moreLondon afternoon: Buyers buzzing
13th Sep 2010 15:27
The leading index is near its best levels of the day following a strong start on Wall Street, fuelled by new Basel III bank rules and impressive Chinese factory output. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. S
Read moreLondon midday:Miners and banks lift index
13th Sep 2010 12:20
London's strong start to the day has continued with banks, miners and the odd sprinkling of bid talk giving buyers lots to bite on. Banks are among the top risers after a less stringent than feared Basle III decision by the European banking body. Royal Bank of Scotland and Lloyds are both in demand
Read moreLondon open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreLondon close: Sluggish Footsie limps higher
10th Sep 2010 16:38
Modest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
Read moreFTSE 100 movers: Financials move higher
10th Sep 2010 16:05
Financials are pushing the Footsie higher. Interdealer broker ICAP is the best performer with Aviva, 3i, Admiral, Lloyds and Legal & General not far behind. Miner ENRC continues to decline because of its dispute with First Quantum concerning ENRC's acquisition of a majority interest in Camrose Re
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