London afternoon: Banks face 'tsunami' of pressure
21st Jan 2010 14:44
Leading shares traded sideways over the lunchtime session, albeit with a small dip at 1:30pm when the US market opened a tad lower. Banks and miners are impeding Footsie's progress, with the latter still friendless on concerns about demand from China. Pundits are predicting that the Chinese authori
Read moreLloyds cuts more jobs
21st Jan 2010 13:17
State-controlled bank Lloyds Banking is to cut a further 585 jobs and close all Black Horse call centres outside Cardiff, bringing the total job cuts over the past year to nearly 16,000 claimed unions. Lloyds, which is 43% owned by the UK taxpayer, said the wholesale and retail sides of its busines
Read moreLondon close: Footsie turns positive
19th Jan 2010 17:22
London's top stocks finished the day above the 5,500 mark after turning positive in afternoon trading. Luxury fashion label Burberry was the best performer of the day after saying it expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three m
Read moreLondon close: Healthy gain for Footsie
14th Jan 2010 16:26
London blue chips rose near the close to finish the day handily ahead, despite a disappointing response to the latest retail updates. Primark and British Sugar owner Associated British Foods was one of the few risers. The group had a better than anticipated end to 2009 and expects a 'significant in
Read moreLondon afternoon: US data hits London
14th Jan 2010 14:28
Disappointing US retail sales for December had repercussions this side of the pond, prompting the morning's gains to be pared. US retail sales fell by 0.3% month-on-month in December, against expectations of a slight rise. Miners remain wanted with Xstrata, Rio Tinto, Kazakhmys and Antofagasta am
Read moreFriday newspaper round-up: Gas supplies, Lloyds Banking, Aberdeen Asset
8th Jan 2010 06:33
Manufacturers in the north-west and midlands have had their gas supplies cut as freezing temperatures propelled demand to a record high. The cuts came as gas prices spiked on fears of disruption to supplies from Norway, the biggest source of imported gas. Ninety-four companies on interruptible cont
Read moreLondon afternoon: Banks defy broker gloom
7th Jan 2010 14:27
Leading shares are mixed, with the Footsie barely changed now miners have recovered from a weak showing in the morning session to show gains in the afternoon. Kazakhmys and Fresnillo lead the mining sector but their gains are surpassed by two stocks from the banking sector where Barclays and Lloyds
Read moreFTSE 100 movers: Banks mixed, supermarkets higher
7th Jan 2010 13:06
Footsie has hauled itself back into the blue as banks and miners rallied and from a weak start. Keefe, Bruyette & Woods initailly unsettled the bank sector with comments that European banks are 'growing nowhere fast', and has downgraded the sector to 'neutral'. But within that broad sector view i
Read moreLondon open: Dull start as big freeze bites
6th Jan 2010 08:49
It's all about the retailers in the pre-opening session as the post-Christmas trading update season moves into full swing with Marks & Spencer heading lower after its update. The cold weather may have seen woolly jumpers and slippers fly off the shelves at Marks & Spencer in the days before Christm
Read moreLondon close: Strong run continues
5th Jan 2010 16:40
Strength in the financial sector helped Footsie continue its strong start to 2009, closing near its highest levels in more than a year. RBS added to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. The latter pair have been selected by Deutsche Bank as the best t
Read moreLondon afternoon: Cadbury melts as Nestle withdraws
5th Jan 2010 14:26
The Footsie moved sideways over the lunch time session, with strength in financials and miners continuing to offset weakness among retailers. RBS adds to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. The latter pair have been selected by Deutsche Bank as the b
Read moreLondon midday: Banks buoy Footsie
5th Jan 2010 12:18
Strength in financial stocks is helping Footsie offset declines in the retail sector. RBS adds to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. Also among today's big gainers is the hedge fund manager Man Group, which has benefited from some upbeat coverage fr
Read moreLondon open: Retailers lead Footsie lower
5th Jan 2010 08:15
London's top stocks have opened lower as retailers fall back at the beginning of the Christmas sales reporting season. High street retailer Next is lower even though it increased full-year profit forecasts again in response to better than expected sales in the run up to Christmas. Sales for the 2
Read moreLondon open: Steady gains for blue chips
31st Dec 2009 08:53
Footsie is still on course for its best year in over a decade with another good housing report from Nationwide boosting building-related stocks. Plumbers merchant Wolseley and housebuilder Berkeley lead the way after Nationwide's latest survey showed house prices rose by 0.4% in December, taking th
Read moreLloyds' new corporate structure will save cash
23rd Dec 2009 17:39
Lloyds Banking Group has decided to transfer its holding in HBOS to Lloyds TSB Bank in order to streamline reporting and disclosure requirements, cut costs and improve capital efficiencies. The part-nationalised lender said the new corporate structure sees Lloyds TSB become the immediate parent of
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