London 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
Read moreSunday 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 more