London close: Comfortable gains posted
28th Aug 2009 16:40
London's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon afternoon: Shares aim higher
28th Aug 2009 14:27
London's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreSector movers: Miners and banks lead the way
28th Aug 2009 12:10
Miners are putting on good gains and giving the markets a lift with Kazakhmys, Eurasian Natural Resources, Xstrata, Lonmin, Randgold Resources and Antofagasta all in the top ten risers. Banks are also going well with Lloyds up on rumours that it is considering alternatives to the government's toxi
Read moreLondon midday: Miners keep Footsie ahead
28th Aug 2009 11:33
Miners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
Read moreFTSE 100 movers: Miners surge to the top
28th Aug 2009 11:32
Miners are putting on good gains and giving the markets a lift with Kazakhmys, Eurasian Natural Resources, Xstrata, Lonmin, Randgold Resources and Antofagasta all in the top ten risers. Lloyds is also higher on rumours that it is considering alternatives to the government's toxic asset protection
Read moreLondon open: Miners lead advance
28th Aug 2009 08:17
London's blue chips are clawing back some of yesterday's losses in early dealings, thanks to strong mining stocks. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all in demand. Lloyds Banking is said to be considering alternatives to joinin
Read moreLondon pre-open: Footsie to win back gains
28th Aug 2009 07:52
London's leading share index is expected to claw back yesterday's losses in early dealings. Lloyds Banking is said to be considering alternatives to joining the government's toxic asset protection scheme (APS), including a potential rights issue or the sale of Scottish Widows. The part-nationalise
Read moreLloyds mulls alternatives to toxic asset scheme
28th Aug 2009 06:52
Lloyds Banking is said to be considering alternatives to the government's toxic asset protection scheme (APS), including a potential rights issue or the sale of Scottish Widows. The part-nationalised lender may also sell Clerical Medical, a provider of investment products and pensions, Bloomberg is
Read moreFriday newspaper round-up: Lloyds, ITV, National Express
28th Aug 2009 06:05
Lloyds Banking Group is weighing up several alternatives to joining the government's asset protection scheme (APS), which may include a rights issue as well as the sale of Scottish Widows, says the FT. Tony Ball has become an unlikely frontrunner for the chief executive's job at ITV, as doubts emer
Read moreThursday newspaper round-up: FSA backs tax on City, Lloyds, National Express
27th Aug 2009 05:53
The head of Britain's top banking watchdog supports the idea of new global taxes on financial transactions, warning that a "swollen" financial sector paying excessive salaries has grown too big for society, writes the FT. Adair Turner, chairman of the Financial Services Authority, says the debate on
Read moreLondon close: Footsie rally continues
25th Aug 2009 16:32
After an afternoon of see-sawing between the red and the blue, Footsie finished in positive territory and above the 4,900 point mark, continuing its rally. State-owned lender Royal Bank of Scotland finished with good gains after it said it will cut the level of benefits received by members of its
Read moreLondon afternoon: US data encourages Footsie
25th Aug 2009 15:11
A strong start on Wall Street is keeping London in the blue, just, with investors welcoming a bigger than expected jump in US consumer confidence. The leading index remains on course for a sixth consecutive day of gains after state-owned lender Royal Bank of Scotland said it will cut the level of b
Read moreLloyds sacking another 200
25th Aug 2009 12:13
Lloyds Banking Group is axing 200 jobs at its general insurance division just days after throwing a lifeline to almost 900 staff at its Cheltenham & Gloucester (C&G) unit. The company, 43%-owned by the government, said the cuts would take until the end of January to complete as it merges Lloyds TSB
Read moreLondon midday: Footsie still in the red
25th Aug 2009 11:54
Despite threatening to move back into positive territory an hour ago, the Footsie has slid further back down into the red. Miners are still heavily weak with seven out of the top ten losers so far from the sector. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton
Read moreLondon close: Stocks finish ahead
24th Aug 2009 16:23
London's leading shares have finished the day with comfortable gains as miners and banks stole the limelight. Mining giant Rio Tinto is reportedly in talks with the Aluminium Corporation of China (Chinalco) over co-operation in bauxite and alumina production. The Australian Financial Review newspap
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