London midday: Footsie slides below 5700
27th Apr 2010 12:04
Footsie has given up all of yesterday's gains and more and has dipped below the 5700 level. Barely a dozen of the blue-chip index's constituents are in the blue, with miners featuring prominently among the laggards. Vedanta, Rio Tinto, Kazakhmys and Xstrata are the worst performers in the mining s
Read moreLondon open: Miners pull Footsie down
27th Apr 2010 08:39
London's top stocks have opened lower on a weak start for the mining sector and despite some encouraging numbers from three index heavyweights. Miners are the problem, with falls across the sector led by Rio Tinto, Kazakhmys and Xstrata. Prudential is a strong performer on a report in the Times tha
Read moreLondon pre-open: Small drop ahead
27th Apr 2010 07:37
London's top stocks are expected to open around 15 points lower as investors consider a bunch of corporate results. Lloyds Banking returned to profitability in the first quarter and said it expects this momentum to be sustained throughout the rest of the year. The lender, 41% owned by the taxpayer,
Read moreBailed out Lloyds returns to profit
27th Apr 2010 07:02
Lloyds Banking returned to profitability in the first quarter and said it expects this momentum to be sustained throughout the rest of the year. The lender, 41% owned by the taxpayer, did not provide a profit figure in today's statement, but said it made a profit on a combined businesses basis due
Read moreTuesday preview: Lloyds expected to keep bullish tone
26th Apr 2010 15:33
It's all eyes on Lloyds Banking Tuesday when the lender, 41% owned by the taxpayer, updates the market on first quarter trading just five weeks after it predicted a return to profit in 2010. Chief executive Eric Daniels said last month the part-nationalised bank will be profitable on a combined bus
Read moreLondon midday: Greece woes can't halt bulls
23rd Apr 2010 12:29
London's leading shares have barely blinked on the news that Greece has asked for the $45bn EU/IMF aid package to be activated. The news hit the Euro, but has had little impact on a strong morning for UK equities. Oil company BP said it is initiating a rapid response to clear up an oil spill follo
Read moreN AMERICAN MORNING BRIEFING:Greek Bailout Move To Aid Stocks
23rd Apr 2010 11:30
DJIA Futures 11069.0 +4.0 +0.0% S&P 500 Futures 1203.4 +1.7 +0.1% Nasdaq Futures 2038.6 +2.4 +0.1% Above are as of 0615 ET FTSE 100 5707.0 +41.6 +0.7% Xetra DAX 6249.7 +80.9 +1.3% CAC40 3951.3 +26.6 +0.7% Above are as of 0
Read moreLondon open: Minimal gains posted
23rd Apr 2010 08:28
London's leading shares are showing slight gains as a late recovery on Wall Street boosts investor sentiment. Banks are amongst the early movers with RBS, Barclays and Lloyds all higher, while utilities such as Severnt Trent, National Grid and United Utilities are at the bottom end of the market.
Read moreFriday paper round-up: BP, Obama, Lloyds Banking
23rd Apr 2010 06:30
A team of engineers using an underwater robot was struggling last night to control one of the world's most challenging oil spills after an explosion ripped apart and sank a rig leased by BP in the Gulf of Mexico. As fears grew for the safety of 11 workers still missing, BP and US officials were ta
Read moreLloyds non-exec buys ahead of IMS
20th Apr 2010 16:31
Lloyds Banking Group non-executive director Dr Wolfgang Berndt has added to his shareholding. Dr Berndt paid 65.98p a share for 51,571 shares for a total investment of £34,027. Dr Berndt invested £201,000 in shares from the rights issue at the end of 2009. the rights issue price was 37p a share.
Read moreLondon close: Markets dive
16th Apr 2010 16:21
Along with other global markets, London's benchmark was sideswiped by news that Goldman Sachs has been charged with fraud on subprime mortgages by the US Securities and Exchange Commission. Stocks nosedived around 70 points in the final hour of trading as the news emerged. The banking sector had be
Read moreFTSE 100 movers: Banks push Footsie up
16th Apr 2010 10:07
London's leading shares have moved into the blue thanks to good performance from the banking sector. Royal Bank of Scotland is leading after broker BofA Merrill Lynch said the bank could benefit from the economic recovery. Merrill raised its 12-month price target for the shares to 65p from 45p. Llo
Read moreLondon close: Footsie at 22-month high
15th Apr 2010 17:12
The afternoon saw many leading shares consolidate or extend the morning's gains, solidifying the Footsie's position above 5800. Banks led the advance after better than expected results from US investment bank JP Morgan yesterday. Barclays received a boost from Execution Noble, which raised its targ
Read moreLondon afternoon: Brokers boost banks
15th Apr 2010 14:25
Footsie is keeping its head above 5800, climbing a bit further over the lunch time session despite expectations of a soft start on Wall Street. After better than expected results from US investment bank JP Morgan yesterday investors are keen on UK banks such as Barclays, Royal Bank of Scotland and
Read moreSector movers: Uniq pension plans hard to digest
15th Apr 2010 12:28
Uniq is leading the food sector producer sector lower. The company, whose customers include Marks & Spencer, posted a pre-tax loss of £18.5m for the year, compared with £100,000 the previous year, on revenues that edged up to £287.2m from £286.7m. But what has really concerned investors is a prop
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