Sunday newspaper round-up: Tesco, Oil explorers, Sainsbury´s
28th Dec 2014 17:17
Tesco is testing a discount format in its One Stop chain, indicating the group could be considering new ways to combat Aldi and Lidl, the Sunday Times said. Three One Stop branches have been trading as discounters with low prices and limited ranges for the past seven weeks. The trial is the idea of
Read moreLondon close: Shares soar on upbeat Eurozone and bank news
16th Dec 2014 16:26
London shares bounced back on Tuesday in the wake of some long-awaited upbeat economic data in the Eurozone and positive news for UK banks. The FTSE 100 Index climbed 149.11 points to 6331.83 as Markit's purchasing managers' index (PMI) for euro-area manufacturing rose to 50.8 in December from 50.1
Read moreLondon midday: Bargain-hunting supports FTSE as stocks rebound from 18-month low
16th Dec 2014 12:17
Following a cautious start, UK stocks pushed into positive territory as investors went hunting for bargains. Shares had fallen to an 18-month low in the previous session. Markets erased earlier losses after UK inflation data showed the rate of increase in consumer prices hit a 12-year low in Novem
Read moreShoreCap expects Lloyds to resume dividends after stress tests, RBS will have to wait
16th Dec 2014 11:49
Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. Seven out of eight of the UK's largest banks and building societies passed the requirement that they hold a minimum common-equ
Read moreRBS, Lloyds narrowly pass BoE bank stress tests
16th Dec 2014 08:46
Part-nationalised lenders Royal Bank of Scotland and Lloyds Banking Group only just passed the minimum requirements in the Bank of England's (BoE) assessments of banks' balance sheets in a hypothetical economic downturn. The Prudential Regulation Authority (PRA) was testing banks against their resil
Read moreLondon open: UK stocks extend slide as Chinese data disappoints
16th Dec 2014 08:20
Yet more disappointing economic data from China pushed UK stocks lower for the seventh straight session on Tuesday, with markets extending losses despite plunging to an 18-month low the previous session. Not even the news that the Bank of England (BoE) has given a clean bill of health to seven out o
Read moreLondon pre-open: UK stocks to inch higher after heavy sell-off
16th Dec 2014 07:37
News that the Bank of England (BoE) has given a clean bill of health to seven out of eight of the UK's largest banks and building societies may offer some respite for financial markets on Tuesday, though sentiment is likely to still be fragile after an eye-watering sell-off the previous session. Cit
Read moreSeven out of eight UK banks pass BoE stress tests, Co-op Bank fails
16th Dec 2014 07:10
Seven out of eight of the UK's largest banks and building societies have passed the Bank of England's (BoE) latest round of stress tests, with the struggling Co-operative Bank being the only lender to have failed. BoE governor Mark Carney said that the results show that "the core of the banking syst
Read moreSunday newspaper round-up: BT, RBS, Tesco
14th Dec 2014 19:45
BT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming week. BT is thought to favour O2 but could s
Read moreLondon midday: Stocks tumble as oil prices extend losses, data disappoints
12th Dec 2014 11:36
Weaker-than-expected data from across the globe and a continued plunge in oil prices meant that there was no let-up in the sell-off for UK equity markets on Friday. Stocks were falling for the fifth day straight, with shares in the oil and gas sector faring the worst. London's FTSE 100 was down a s
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreBroker tips: Tesco, Lloyds, ASOS
9th Dec 2014 12:19
A surprise profit warning from Tesco on Tuesday sent its share price plummeting, though analysts still see more downside to the stock which has already halved since the start of the year. "Unfortunately, there remains only one constant amidst the turbulence, which is the market consensus. This remai
Read moreLondon midday: UK stocks at one-month low on global concerns, Tesco plummets
9th Dec 2014 11:40
UK stocks were on track to settle at their lowest level in a month on Tuesday as a recent sell-off in oil hit energy shares and a profit warning from Tesco hammered retailers. Crude was trading at a fresh five-year low on the back of concerns about oversupply and slowing global growth. Political unc
Read moreLloyds most at risk in UK bank stress tests, says Citigroup
9th Dec 2014 11:03
Lloyds Banking Group is the most at risk in the UK banking stress tests, according to Citigroup, ahead of the results due next week. All of the major UK banks passed the European Banking Authority's (EBA) Europe-wide stress tests in October, but the upcoming review from Bank of England (BoE) will us
Read moreMonday newspaper round-up: Mortgages, US dollar, Retail sales
8th Dec 2014 06:12
The vast majority of people with mortgages could withstand an increase in interest rates of up to two percentage points, the Bank of England's latest annual survey of household finances showed. That marks a significant shift in the central bank's thinking on what the impact of such a rise would be.
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