Brussels may make Lloyds sell Halifax
16th Sep 2009 08:25
Lloyds Banking Group could be forced to sell off its Halifax business if the European Commission decides to punish it for receiving billions of pounds of state aid, according to reports. Competition Commissioner, Neelie Kroes, has yet to make a final decision, but banking sources say it is clear th
Read moreWednesday newspaper round-up: Lloyds Banking, Tullow Oil, Barclays
16th Sep 2009 06:15
The European Commission has warned Lloyds Banking Group that it may have to split off Halifax as punishment for the billions of pounds of state aid that it has received. Neelie Kroes, the Competition Commissioner, has yet to make a final decision, but banking sources say it is clear that she is pla
Read moreWednesday tips round-up: Lloyds Banking, Randgold, Peter Hambro
9th Sep 2009 06:35
Lloyds Banking shares' recent froth has been driven by the company's bold prediction that bad debts have peaked and hopes that it may be able to renegotiate terms of entry into the government's asset guarantee scheme. It may be that Lloyds Banking is the recovery play of the new century. There are
Read moreThursday's newspaper round-up: Alistair Darling, Lloyds, RSA
3rd Sep 2009 06:53
International complacency risks plunging the world into a double-dip recession, the Chancellor, Alistair Darling, warned yesterday, according to the Independent. Alistair Darling is scrambling to plug a gaping hole in the $1.1 trillion global rescue package agreed by G20 leaders in London ? hailed
Read moreLondon open: Dull start after Dow sell off
2nd Sep 2009 08:46
The gloomy start to September has continued with talk of another big bank fund raising encouraging sellers. Lloyds is the worst performer after the Guardian reported it has won backing from its investors to raise £10bn to allow it make a partial withdrawal from the government's asset protection sch
Read moreLondon close: Footsie plunges after Wall Street reversal
1st Sep 2009 16:43
A sharp reversal in US stocks' fortunes ensured Footsie finished deep in the red after abruptly giving up an attempt to climb into positive territory. Miners were weak on lower metals prices, with Kazakh pair ENRC and Kazakhmys among the worst hit. Lower metals prices also hurt the likes of Antof
Read moreLondon afternoon: Footsie still stuck after plunge
1st Sep 2009 14:41
There has been little change in the FTSE 100 since it abruptly took a downward turn this morning Kazakh resources group ENRC is leading the mining sector lower, closely followed by fellow Kazakh operation Kazakhmys. Lower metals prices are also hitting the likes of Antofagasta, Anglo American, Lon
Read moreLondon midday: Banks and miners lead retreat
1st Sep 2009 12:16
Banks and miners are dragging the market lower and have pushed the Footsie below the 4,900 level. Kazakh resources group ENRC is leading the mining sector lower, closely followed by fellow Kazakhi operation Kazakhmys. Lower metals prices are also hitting the likes of Antofagasta, Anglo American, L
Read moreSunday newspaper round-up: Lloyds Banking, RSA, Yell
30th Aug 2009 11:07
The Lloyds Banking is offering the sale of two regional branch networks to address concerns by the European Commission over state aid and market share. The British bank has offered to sell the Scottish branches of Lloyds TSB and the Cheltenham & Gloucester (C&G) network. This would affect some 340 b
Read moreLondon 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
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