Investec recommends to "overweight" Scotland-exposed banks ahead of vote
11th Sep 2014 11:43
Investec has recommended investors to "overweight banks" exposed to Scotland given its prediction of the 'no' campaign coming out on top in the Scottish referendum. The broker highlighted yet another opinion poll - Survation survey of 1,000 Scots released on Wednesday - has come out showing that 'no
Read moreLondon open: UK markets flat despite decent gains from banks
11th Sep 2014 08:28
Despite decent gains by Royal Bank of Scotland, the UK stock market opened more or less flat on Thursday morning as investors speculated about stimulus measures in China. London's FTSE 100 was trading at 6,828 in early deals, down slightly on Wednesday's close of 6,830.11. While concerns about the
Read moreLondon close: Referendum jitters weigh on stocks
9th Sep 2014 18:20
London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read moreLondon midday: Stocks inch lower on Scottish vote concerns
9th Sep 2014 11:45
UK stocks fell for the third straight day on Tuesday as uncertainty caused by the upcoming Scottish referendum and geopolitcal tensions in eastern Europe dampened risk appetite. The FTSE 100 was 0.1% lower at 6,829 by midday, though it traded within a narrow range for most of the morning. Equity ma
Read moreLondon open: Subdued start as markets await UK data
9th Sep 2014 08:39
UK stocks were trading slightly lower on Tuesday morning as investors prepared for a raft of economic data on the British economy. The FTSE 100 was 0.1% lower at 6,830 in early deals, trading in the red for the third straight day. Stocks came under pressure on Monday on the back of growing support
Read moreLondon midday: UK stocks sink on fears over Scottish referendum, Ukraine
8th Sep 2014 11:36
Concerns surrounding the upcoming referendum on Scottish independence and a fragile ceasefire agreement in Ukraine were weighing heavily on UK stocks on Monday. London's FTSE 100 was trading down 1% at 6,789 by midday. The index has not closed below the 6,800 mark since 22 August when it settled at
Read moreLondon open: Stocks fall as investors turn cautious ahead of US non-farm payrolls
5th Sep 2014 08:28
The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreLloyds could move its registered office to London
3rd Sep 2014 10:28
Lloyds Banking Group, Britain's biggest bank, could move its legal base from Edinburgh to London if Scots vote for independence later this month. Should Scots vote 'yes' and decide to sever their ties with the rest of the union on September 18, Lloyds could move its registered office to London, acc
Read moreLondon close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreFTSE 100 movers: Weir upgraded, mining stocks gain
2nd Sep 2014 14:21
Engineering firm Weir Group was a high riser on Tuesday after Credit Suisse upgraded the shares from 'neutral' to 'outperform' and hiked its target price from 2,540p to 3,060p. The bank said that the stock offers "a better relative risk return profile" near term than sector peer IMI which it downgra
Read moreLloyds: The most complained about bank in Britain
2nd Sep 2014 13:20
Figures released on Tuesday showed that Lloyds was the most complained about bank in the first half of 2014. The financial ombudsman, the authority which is in charge of settling disputes between lenders and their customers, received just over 190,000 complaints between 1 January and 30 June, with
Read moreLondon close: Tesco and HSBC focus investors' attention
1st Sep 2014 17:21
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,858.54 +0.26% FTSE 100 6,825.31 +0.08% FTSE 250 15,957.13 +0.45% Figures showing a manufacturing slowdown in the Eurozone, UK and China capped
Read moreLondon midday: Weak global manufacturing data weighs on UK stocks
1st Sep 2014 12:06
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,855.71 +0.16% FTSE 100 6,816.49 -0.05% FTSE 250 15,922.73 +0.23% Figures showing a manufacturing slowdown in China, the Eurozone and UK were we
Read moreOutlook for TSB more challenging after recent run, says Investec
1st Sep 2014 10:10
Would-be TSB investors should "keep their powder dry", according to Investec, which rated the Lloyds Banking Group offshoot as a 'hold' with a 290p target price after the stock's recent run. Analyst Ian Gordon said that TSB has enjoyed a "fantastic market debut" since floating on the market in June
Read moreLondon open: Stocks slip on Chinese data, Ukraine tensions
1st Sep 2014 09:11
- Chinese manufacturing PMIs disappoint - Ukraine tensions high after Putin calls for "statehood" - Perform shares jump on Access Industries offer techMARK 2,857.65 +0.23% FTSE 100 6,811.96 -0.11% FTSE 250 15,922.03 +0.23% Weak economic data from China and ongoing geopolitical tensions in Ukraine
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