Sector movers: Banks and miners lead rally
10th May 2010 16:01
Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at the weekend. Barclays, Lloyds and Royal Bank of Scotland (RBS) all rack up double-digit percentage gains with Asia-focused bank Standard Chartered close behind. Market rumours suggest that RBS is
Read moreFTSE 100 movers: Banks propel index higher
10th May 2010 14:48
Footsie is rising on the back of a strong recovery in banks and financials following the €720bn deal to prop up the euro agreed by EU ministers at the weekend. Barclays, Royal Bank of Scotland and Lloyds are the top three performers. Asia-focused bank Standard Chartered is also rising. Vedanta R
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
Read moreLondon open: Euro deal sends Footsie soaring
10th May 2010 08:57
Stock markets across Europe are powering ahead after EU ministers agreed a €720bn deal to prop up the euro at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 4%, wi
Read moreLondon close: Shares slide after election
7th May 2010 16:48
Shares continued sliding on Friday as the European debt crisis rumbled on and after the previous day's election failed to produce a decisive result. Germany's parliament has approved a rescue package for Greece, but traders are still worried that the debt problems could spread to other countries, i
Read moreLondon afternoon: RBS leads retreat
7th May 2010 14:35
The market rally seen towards the end of the morning session fizzled out over lunch as London joined other European markets in retreat. Prime Minister Gordon Brown has moved into line with Liberal Democrat leader Nick Clegg and agreed that the Conservative party, which won the most seats in yesterd
Read moreLondon midday: Clegg statement calms markets
7th May 2010 12:10
After initially reacting negatively to the prospect of a hung parliament London's leading shares have rallied after Liberal Democratic party leader Nick Clegg said he is sticking with his pre-election view that the party with the most votes - in this case the Conservatives - should have first crack
Read moreFriday newspaper round-up: Hung parliament predicted, Labour talking to LibDems
7th May 2010 06:30
In the UK election, the Tories are on course to be largest party but set to fall short of majority, as David Cameron's party fails to take many key target seats. Labour is pushing to form coalition with Lib Dems. The latest polls (at 6.00am) suggest the Tories will end up with 309 seats, Labour on 2
Read moreFTSE 100 movers: Banks lead market down
6th May 2010 15:33
Banks are leading Footsie downwards after ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, Lloyds, HSBC and even Asia-focused Standard Chartered fell sharply after Moody's said banks in the UK, as well as in Ireland, Italy, Portu
Read moreTuesday newspaper round-up: Greece, BP, Lloyds Banking
4th May 2010 06:37
The European Central Bank executed an embarrassing U-turn on its lending rules yesterday in order to stave off the collapse of the Greek banking system. In a statement the ECB said that it was suspending a rule preventing it accepting junk-rated government bonds in return for loans. It said that th
Read moreFTSE 100 movers: Positive oils can't stop fall
28th Apr 2010 15:25
Strong figures from Royal Dutch Shell have also boosted the share price of fellow oil company BP but this has not been enough for FTSE 100 to hang on to positive territory. The banks, which were the worst performers earlier in the day, have recovered the majority of their earlier losses but remain
Read moreLondon midday: Stocks off the bottom
28th Apr 2010 12:13
Blue-chips are beginning to recover their poise, helped by demand for heavyweight oil stocks in the wake of better than expected results from Shell, and a positive reaction to results from Glaxo, released at noon. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first
Read moreLondon close: Footsie slumps on eventful day
27th Apr 2010 16:31
Footsie was deep in the red at trading's close after credit rating downgrades for Greece and Portugal added to already substantial losses, with miners among the stocks posting heavy falls. With oil and metals prices in retreat as fears grow about potential delays in financial aid reaching Greece re
Read moreLondon afternoon: Reckitt fails to cut the mustard
27th Apr 2010 14:35
Footsie drifted lower over the lunch time session, not helped by disappointing results from household goods maker Reckitt Benckiser. Shares in Reckitt sank to the bottom of the FTSE 100 despite the French's mustard maker posting a rise in earnings and sales for the first quarter. The firm said oper
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