Sunday newspaper round-up: Tesco, ITV, Glaxo
31st Aug 2014 17:42
Harris Associates, the US investment fund that has been one of Tesco's biggest and most loyal shareholders, has sold almost two thirds of its stake because it thinks the supermarket group has become too risky, the Sunday Telegraph reported. David Herro, Harris's chief executive, said there were too
Read moreFunding for Lending declines, but SME lending increases says BBA - UPDATE
28th Aug 2014 11:35
The Bank of England's scheme to improve credit to small and medium-sized businesses (SMEs) failed to prevent further declines in lending to the UK's growth engine during the second quarter. However the British Banking Association (BBA) also published data on Thursday, which indicated a pickup in b
Read moreTuesday newspaper round-up: Barclays, Falling wages, Scotland
26th Aug 2014 07:56
Property investors are gearing up for court showdowns with Britain's banks over claims that they were mis-sold billions of pounds in complex interest rate derivatives. Barclays, Lloyds Banking Group and Royal Bank of Scotland are facing legal claims from property groups totalling more than £1.5bn, b
Read moreFTSE 100 movers: Vodafone continues to rise on bid speculation
22nd Aug 2014 16:08
Telecoms group Vodafone was extending gains made on Thursday on the back of rumours that advisers of US giant AT&T are working on a cash bid worth more than 300p a share, compared with current prices of just over 200p. AT&T ruled out an offer back in January, meaning that it is now free to revisit a
Read moreLondon midday: Stocks fall on reports of Russian trucks crossing border
22nd Aug 2014 12:11
- Russian trucks enter Ukraine without persimmon - Investors cautious ahead of Jackson Hole - Petrofac chair steps down, LSE falls - Vodafone gains on AT&T bid hopes techMARK 2,815.11 -0.17% FTSE 100 6,760.20 -0.26% FTSE 250 15,840.73 +0.01% After a subdued start, UK stocks dropped into the red by
Read moreLondon open: Stocks flat as markets await speech from Yellen
22nd Aug 2014 09:13
- Yellen in focus ahead of Jackson Hole speech - Analysts speculate over dovish/hawkish stance - Petrofac chairman to step down, LSE falls - Banks, supermarkets rise techMARK 2,819.73 -0.00% FTSE 100 6,777.60 -0.00% FTSE 250 15,841.09 +0.02% UK stocks were barely changed in early deals on Friday a
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreThursday newspaper round-up: Lloyds, House prices, Bank of England
14th Aug 2014 07:49
Plans for a multibillion-pound sale of shares in Lloyds Banking Group to the general public have been dropped for this year and probably until after the general election next May. George Osborne and Danny Alexander, chief secretary to the Treasury, have ruled out a "Tell Sid" style privatisation bec
Read moreLondon midday: Stocks advance as rate-hike speculation eases
13th Aug 2014 12:08
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - Banking stocks lead upside techMARK 2,736.01 +0.28% FTSE 100 6,661.68 +0.44% FTSE 250 15,528.53 +0.41% An overall dovish tone to the Bank of England's (BoE) Inflation Report gave UK st
Read moreOsborne rules out pre-election Lloyds shares sale
13th Aug 2014 11:31
Chancellor George Osborne will rule out a pre-election sale of Lloyds Banking Group shares to the general public, Sky News said on Wednesday. Osborne's decision goes against initial reports that had expected the government would make part of its remaining stake in the bank available to investors as
Read moreLondon midday: Losses pared but geopolitics still a concern
8th Aug 2014 12:10
- US authorises Iraq airstrikes - Fighting resumes in Gaza - TUI Travel and wider sector tumbles - Banks, supermarkets, precious metals limit losses techMARK 2,684.77 -0.93% FTSE 100 6,559.47 -0.57% FTSE 250 15,185.28 -0.36% UK stocks had pared early losses but were still firmly in the red by Frid
Read moreLloyds shareholders file suit against lender over HBOS losses
7th Aug 2014 10:48
Lloyds shareholders filed a lawsuit against the bank on Wednesday, claiming they lost £12bn during the rescue of HBOS in 2008. According to The Guardian, 7,500 investors from the Lloyds Action Now group have signed a High Court suit against the bank. The group argued that the true financial healt
Read moreThursday newspaper round-up: UK trade, Israel, Lloyds...
7th Aug 2014 06:58
Britain's trade performance over the past two decades has been worse than any other country in the G7, with a shortfall of nearly £40 billion in goods exports in the past five years alone. In a new report that lays bare the gap between the UK and its competitors, Royal Bank of Scotland found that go
Read moreHalifax reports increase in UK house prices
6th Aug 2014 10:36
UK house prices rose 1.4% month-on-month and 10.2% year-on-year in July, Halifax announced on Wednesday. In the three months to July, prices were 3.6% higher than the previous quarter, the lender added. The lender reported that the average house price was £186,322 in July, up over £3,000 from the
Read moreFTSE 100 movers: Intertek, HSBC lead risers after H1 results
4th Aug 2014 15:27
Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read more