Sector movers: Barclays results receive warm reaction, boost banks
30th Jul 2014 16:19
Well-received interim results from Barclays saw the London-listed banking sector rise to the top of the pile on Wednesday as the UK lender bettered analysts' forecasts. The lender reported an 8% fall in adjusted pre-tax profit in the second quarter to £1.656m, which it blamed on currency movements
Read moreFTSE 100 movers: Barclays leads after results
30th Jul 2014 16:04
Barclays was in the top spot after reporting a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Numis Securities reiter
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreBank of England finalises bonus clawback, proposes new rules for individuals
30th Jul 2014 11:14
- BoE can claw back bonuses 7yrs after award - New proposals to hold individuals to account - 'Toughest banking rules in the world' The Bank of England (BoE) has finalised rules on bankers bonuses that could see the clawback of awards a maximum of seven years after they are awarded, with the new me
Read moreLondon open: Stocks slip as investors digest earnings, Barclays rises
30th Jul 2014 08:26
- Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors
Read moreWednesday newspaper round-up: Sanctions, Centrica, Microsoft...
30th Jul 2014 07:12
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country's oil industry, in response to Moscow's continued backing for separatists in eastern Ukra
Read moreBank of England to impose tough new bonus clawback rules
29th Jul 2014 15:31
The Bank of England (BoE) has decided to push ahead on its plans for super-tough bonus clawbacks on City bankers. The rules have been described as the toughest in the banking world but also "unreasonable" and even "unenforceable". A BoE consultation paper in March suggested bankers could be force
Read moreTuesday newspaper round-up: Lloyds, Tesco, Tax inversion...
29th Jul 2014 06:54
Lloyds Banking Group has been accused of unlawful behaviour by the Bank of England after it emerged its traders had manipulated interest rates in order to cut fees for its emergency lifeline at the height of the financial crisis. [...] The revelations unleashed an angry attack by Mark Carney, the Ba
Read moreLondon close: Traders bide their time ahead of US jobs data
28th Jul 2014 17:26
- BskyB paces gains - Lloyds fined $370m by UK and US authorities - Aberdeen Asset Management sees slight drop in AuM techMARK 2,776.05 -0.83% FTSE 100 6,788.07 -0.05% FTSE 250 15,616.53 -0.48% The Footsie finished the session slightly lower as traders bided their time ahead of a raft of key data
Read moreWatchdogs fine Lloyds Banking Group £217m for Libor rate rigging - UPDATE
28th Jul 2014 14:32
US and British regulators have fined two subsidiaries of Lloyds Banking Group £217m for involvement in the Libor inter-bank interest rate rigging scandal. The UK's Financial Conduct Authority (FCA) has fined Lloyds Bank and Bank of Scotland, both part of LBG, £105m for what it described as "serious
Read moreSunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group
27th Jul 2014 18:00
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase
Read moreLondon close: FTSE in red on geopolitical tensions, data
25th Jul 2014 16:59
- FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downg
Read moreFTSE 100 movers: RBS tops the leaders after surprise H1 profit
25th Jul 2014 15:36
RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and l
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreLondon open: RBS gains limit losses on FTSE
25th Jul 2014 09:06
- Initial losses largely reversed - RBS leaps after surprise H1 profit - Eyes on UK Q2 GDP techMARK 2,814.40 -0.27% FTSE 100 6,815.84 -0.08% FTSE 250 15,757.37 +0.06% The FTSE opened in the red but losses were largely reversed following a surprise first-half profit from Royal Bank of Scotland, wh
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