London midday: Earnings come in mixed as investors watch US data, Fed
31st Jul 2014 12:04
- Shell, BG Group and Intu lead the risers - Weir, Schroders and Lloyds fall - Afren drops after suspending directors - US data and Fed keep investors cautious techMARK 2,763.54 -0.57% FTSE 100 6,763.04 -0.15% FTSE 250 15,495.73 -0.86% London stocks were trading in the red for a second straight da
Read moreInvestec sees solid progress at Lloyds at Q2 beat
31st Jul 2014 11:00
Better-than-expected second-quarter results from Lloyds Banking Group have prompted Investec to repeat its 'buy' recommendation for the stock. "The market has, (quite rightly in our view), taken disclosure of Lloyds' 'reprehensible' LIBOR manipulation and (immaterial) £0.2bn fine in its stride," sa
Read moreLondon open: Stocks flat as investors digest corporate earnings
31st Jul 2014 09:15
- Lloyds falls despite H1 profit beat - Shell, BG, BT and Diageo rise after results - Weir and Rolls-Royce disappoint - US data and Fed in focus techMARK 2,771.22 -0.29% FTSE 100 6,777.11 +0.05% FTSE 250 15,521.52 -0.69% Another wave of corporate earnings was keeping investors busy on Thursday mor
Read moreLloyds' underlying profits ahead of forecasts
31st Jul 2014 08:35
Lloyds saw underlying profits improve by 32% to £3.82bn in the first half of the year. The analyst consensus was for an underlying profit of £3.6bn. The above was achieved despite a 2.2% fall in total underlying income to £9.25bn. Impairments for souring loans decreased 58% to £758m. Excluding t
Read moreLloyds reportedly facing probe on rate rigging
30th Jul 2014 17:40
Lloyds Banking Group is reportedly facing a probe by UK regulators into the manipulation of benchmark rates. The Serious Fraud Office (SFO) is examining information it had been given by the UK Financial Conduct Authority (FCA) some months ago that might prompt a criminal investigation into former a
Read moreLondon close: FTSE in red as energy stocks weakened by sanctions
30th Jul 2014 16:59
- FTSE closes down 34.31 at 6,773.44 - Energy stocks hit by Russian sanctions - Eurozone confidence beats expectations - US GDP growth 4% techMARK 2,779.29 -0.11% FTSE 100 6,773.44 -0.50% FTSE 250 15,629.84 -0.36% London's blue chips ended Wednesday's session firmly in the red, with the sharpest
Read moreThursday preview: Lloyds may unveil £500m PPI hit in H1 results
30th Jul 2014 16:42
Lloyds Banking Group releases its half-year results on Thursday following its separation from TSB Banking Group. The lender is expected to take another £500m hit for payment protection insurance (PPI) mis-selling, taking the total it has set aside for the scandal to more than £10bn. On Monday the
Read moreSector 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
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