London close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read morePRESS RELEASE: Moody's Confirms Aa2 Rating Of Achmea Hypotheekbank's Mortgage Covered Bonds
8th Jun 2010 13:49
The following is a press release from Moody's Investors Service: London, 08 June 2010 -- Moody's Investors Service has taken the following rating action on the covered bonds issued by Achmea Hypotheekbank N.V. (Achmea or the issuer) under its Dutch mortgage covered bond programme (the Programme):
Read morePRESS RELEASE: Moody's Confirms Aa2 Rating Of -2-
8th Jun 2010 13:49
MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading "Shareholder Relations - Corporate Governance - Director and Shareholder Affiliation
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreFTSE 100 movers: Bank shares slump
25th May 2010 15:26
Concerns about the banking sector in the EU have hit Footsie and there are no risers today. The London Interbank Offered Rate has been rising because of worries about the health of the banking system. In Spain, regulators are plotting consolidation in the Spanish banking sector. Lloyds Banking,
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
Read moreLondon midday: Prices bottom out
25th May 2010 12:02
The FTSE 100 dived below the 5,000 level in the first few minutes of trading and at one point in the morning session dipped briefly below 4,900 but prices have now stabilised. Though it is scant consolation, London is not alone in shifting violently into reverse gear, as increasing fears about a p
Read moreSpain panic sparks sell-off
25th May 2010 09:22
Increasing fears about a possible bailout of Spain and growing military tensions between North and South Korea have sent global stock markets crashing again. Banks and miners were the main casualties in Europe. Spain's Banco Popular is more than 8% lower, while Societe Generale, Credit Agricole an
Read moreLondon open: Footsie hammered down through 5,000
25th May 2010 08:40
Shares have taken a pasting in early dealings as worries over the European debt situation continue to plague markets around the world. US and Asia markets tumbled overnight and London has followed them down with no risers on Footsie at present. The best blue chip performer is Severn Trent at minus
Read moreMonday newspaper round-up: British Airways, European banks, BP
24th May 2010 06:48
Hundreds of British Airways flights were expected to be cancelled because of a cabin crew strike today despite an eleventh-hour peace overture from the Unite union. The airline remained focused on flying as many passengers as possible throughout the first of three five-day strikes even though Tony
Read moreLondon close: Late rally limits losses
21st May 2010 16:32
It was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreLondon afternoon: Footsie sinks below 5,000
21st May 2010 14:24
The FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreFTSE 100 movers: Banks head the slide
21st May 2010 14:15
As Footsie slides below 5,000 it is the banks that are leading it downwards. Lloyds Banking, RBS and Standard Chartered are the worst performing banks. Brewer SABMiller is another of the major losers after yesterday's results and share sales by directors. Chief executive Graham MacKay raised £10
Read moreLondon midday: Footsie back in the red
21st May 2010 11:38
After briefly tip-toeing into the blue, Footsie is now back in the red again as concerns about eurozone debt persist. Germany's parliament is expected to approve the country's share of a €750bn eurozone rescue package on Friday. Both houses of parliament are scheduled to vote on its potential €148b
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