London close: Resource-heavy FTSE 100 falls as metals' prices slump
2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read moreFTSE 100 movers: Miners and supermarkets push lower
2nd Dec 2013 15:42
Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. As well, in a research note issued today analysts at Citi wrote that: "We remain underweight the gold and base metals stocks and our least favoure
Read moreLloyds confirms Lord Blackwell to succeed Bischoff as Chairman
2nd Dec 2013 13:16
Lloyds Banking Group on Monday confirmed that Lord Blackwell, who has been a Non-Executive Director of the group since June 2012, will succeed Sir Winfried Bischoff as Chairman with effect from April 3rd 2014, when Sir Winfried is due to retire. Lord Blackwell is also a member of the group's Audit
Read moreLondon midday: Markets fall, shrug off upbeat manufacturing data
2nd Dec 2013 11:24
- Markets lower ahead of data-heavy week - Non-farm payrolls, taper in focus - Investors shrug off positive manufacturing figures this morning - Broker downgrades hit Tesco, Aberdeen, Debenhams techMARK 2,659.11 -0.55% FTSE 100 6,610.41 -0.60% FTSE 250 15,380.56 -0.56% Markets in the UK and across
Read moreLondon close: FTSE 100 flat despite gains in banking sector
29th Nov 2013 16:35
- Markets flat despite banking strength - Volumes pick up but still on the low-side - German, US markets continue to set new highs techMARK 2,673.94 +0.22% FTSE 100 6,650.57 -0.06% FTSE 250 15,466.56 +0.23% UK markets finished broadly flat on Friday despite trading volumes picking up slightly foll
Read moreFriday newspaper round-up: Netherlands, Japan, Royal Mail
29th Nov 2013 07:31
The Netherlands has become the latest Eurozone member to be stripped of its AAA credit rating by Standard & Poor's, citing weakening growth prospects as it cut the country's rating to AA+. Earlier this month France also suffered a downgrade by S&P, when it was cut from AA+ to AA - two years after lo
Read moreLondon close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreLloyds close to selling 10 per cent stake in St.James Place
27th Nov 2013 15:52
In the context of a research note on St.James Place issued on Wednesday analysts at Panmure Gordon wrote that they believe that Lloyds will look to place at least a 10 per cent stake in the wealth management firm in the first couple of weeks of December. That comes after the "lock-in" period for L
Read moreFTSE 100 movers: AMEC leads ex-divis lower, Lloyds rises
27th Nov 2013 15:11
Engineering firm AMEC was a heavy faller today after going ex-dividend. Others in the FTSE 350 including Johnson Matthey, Vedanta Resources, Lancashire Holdings, 3i Infrastructure, UDG Healthcare, Telecom Plus and Dunelm also went ex-div today. Antofagasta was falling after JPMorgan Chase reiterate
Read moreTuesday newspaper round-up: RBS, RWE, Iran
26th Nov 2013 07:53
According to The Times, RBS is facing fresh break-up calls after an advisor to the Department for Business called yesterday for it and Lloyds to be split into six retail banks. Lawrence Tomlinson, advisor to Vince Cable, suggested that RBS had "pushed healthy small and medium-sized enterprises into
Read moreGovernment accused of influencing Lloyds and Co-op deal
25th Nov 2013 09:57
The failed deal between Lloyds Banking Group and the Co-op Bank is under investigation for political interference. The government has been accused of favouring the Co-op Bank in the part sale of Lloyds TSB before the deal eventually fell through. Lord Levene, who headed up a rival bid to buy the
Read moreSunday newspaper round-up: Iran, RBS, Babcock
24th Nov 2013 16:46
The interim deal between Iran and six world powers hammered out in the small hours of November 24th to curb the former's nuclear programme is a long way from perfect, but it meets two key tests. The first is that it will extend Iran's so-called "critical capability"?the time needed for it to produce
Read moreThursday newspaper round-up: China, Royal Mail, Lloyds
21st Nov 2013 07:57
Veteran UK fund manager Anthony Bolton believes that China's 'momentous' package of economic reforms, revealed last week, will be the catalyst that draws foreign investors back to one of the world's worst performing equity markets. China's top leaders last week released a blueprint for change coveri
Read moreLondon close: Stocks fall on fears of valuations, global economy
19th Nov 2013 16:47
- Icahn spooks investors, warns of 'big drop' - OECD cuts global growth forecasts - Plosser calls for fixed amount of asset purchases - easyJet impresses with profit jump techMARK 2,644.23 -0.34% FTSE 100 6,698.01 -0.38% FTSE 250 15,265.60 -0.16% UK markets finished firmly in the red on Tuesday as
Read moreLondon close: Stocks rise ahead of FOMC minutes as Aberdeen surges
18th Nov 2013 16:23
- Aberdeen leads financials higher after SWIP purchase - Petrofac plummets on cautious outlook - Fed speculation ramps up ahead of FOMC minutes techMARK 2,653.19 +0.15% FTSE 100 6,723.46 +0.45% FTSE 250 15,290.48 +0.29% UK markets posted decent gains on Monday with the financial sectors providing
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