London midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreLondon open: Markets slip as Sainsbury falls, Mothercare plummets
8th Jan 2014 08:46
- FTSE 100 pulls back from two-month high - Sainsbury, Mothercare, Majestic fall after updates - Risk events on tap, traders stay cautious techMARK 2,781.79 -0.27% FTSE 100 6,735.41 -0.30% FTSE 250 16,033.22 -0.22% UK stocks pulled back on Wednesday morning ahead of a number of key 'risk events' o
Read moreLondon pre-open: FTSE to nudge higher ahead of busy session
8th Jan 2014 07:29
City sources predict the FTSE 100 will open four points above yesterday's close of 6,755.45, taking its lead from both Asian and US markets. An unexpected drop in the US trade deficit spurred Wall Street stocks on Tuesday, sending the S&P 500 into positive territory for the first time in 2014. T
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreFTSE 100 movers: Banks rise on BoE Liabilities Survey
7th Jan 2014 15:53
Ian Gordon at Investec attributed the rally in Lloyds' share price to the Bank of England's Liabilities Survey. He said: "It's not that it contains surprising news, but de facto confirmation of improving capital metrics, improving retail deposits and (significant) declines in funding volumes/requir
Read moreSector movers: Banking stocks rise, Lloyds leads gains
7th Jan 2014 15:48
Banking stocks were the best performers on Tuesday after data showed that funding conditions for British lenders had eased in the fourth quarter of 2013. Stocks in the sector have traded broadly sideways over the past two weeks of so, taking a breather over the festive season. However, Lloyds has
Read moreBritish banks saw funding conditions ease in fourth quarter
7th Jan 2014 14:16
UK banks and building societies reported that their total funding volumes (requirements) fell significantly in the three months to early December, according to the Bank of England´s (BoE) latest Bank Liabilities Survey. That is important because changes in the price, quantity and composition of ban
Read moreLondon midday: Stocks gain, ECB in focus as inflation eases
7th Jan 2014 11:31
- Eurozone inflation eases to 0.8 per cent - ECB in focus ahead of meeting on Thursday - Banks lift Footsie into positive territory techMARK 2,796.28 +0.14% FTSE 100 6,761.20 +0.45% FTSE 250 16,076.04 +0.17% After a slow start, markets pushed into positive territory by Tuesday lunchtime as an unex
Read moreIreland sees strong demand for first debt auction since bailout exit
7th Jan 2014 11:26
Ireland appeared to be experiencing enormous demand for its first debt auction since exiting its bailout in December, according to various media reports on Tuesday. Financial Times reported that the order book had already surpassed €13bn even though the Irish Treasury had originally planned to issu
Read moreUK business confidence at strongest level in 20 years
6th Jan 2014 10:16
UK business confidence has reached its strongest level in 20 years, according to a survey from Lloyds Banking Group. Lloyds said confidence has been boosted by rising expectations for orders, sales and profits in the next six months. Confidence has increased across all sectors and regions in the U
Read moreLondon midday: FTSE falls into the red as retailers drag
30th Dec 2013 11:57
- FTSE sinks 22 points - Retailers drop on discounting concerns - CBI urges firms to do more to encourage employee development techMARK 2,782.57 -0.16% FTSE 100 6,731.69 -0.28% FTSE 250 15,905.79 +0.17% The FTSE has dropped into negative territory this lunchtime, weighed down by retailers on what
Read moreLondon open: FTSE inches higher as miners extend gains
30th Dec 2013 08:43
- FTSE inches higher in light trading - Hometrack data shows 4.4 per cent climb in 2013 house prices - Government could sell stake in Lloyds, reports claim techMARK 2,788.84 +0.07% FTSE 100 6,761.47 +0.16% FTSE 250 15,897.51 +0.12% The FTSE 100 opened six points higher this morning, with gains dr
Read moreUK government to sell Lloyds in 2014
30th Dec 2013 07:44
The UK government could sell its 33 per cent stake in Lloyds Banking Group in 2014, sources told The Telegraph. The government's holding, currently worth £18.4bn, is understood to be sold off within the next 12 months. It will be sold through a combination of institutional sales and a nationwide of
Read moreFriday broker round-up UPDATE
20th Dec 2013 09:12
African Barrick Gold: Canaccord Genuity takes target price from 125p to 195p upgrading from hold to buy. Ashmore Group: UBS raises target price from 390p to 430p upgrading from neutral to buy. BAE Systems: JP Morgan cuts target price from 380p to 355p and maintains its underweight rating. UBS lowe
Read moreWednesday newspaper round-up: Lloyds, BP, Debenhams...
18th Dec 2013 08:19
George Osborne will today receive a veiled rebuke from the National Audit Office for claiming that he sold a substantial stake in Lloyds Banking Group at a profit for taxpayers when the transaction crystallised a loss of at least 230m pounds. The September sale of a 3.2bn-pound stake was managed eff
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