Sector movers: RBS, Barclays lead banks lower
18th Oct 2013 14:01
Banking stocks were mostly under the weather on Friday with domestic lenders Royal Bank of Scotland and Barclays leading to the downside. RBS was being weighed down by some gloomy comments from Investec analyst Ian Gordon, who recommended investors not to own the stock ahead of the bank's third-qua
Read moreBroker tips: UK banks, SABMiller, Antofagasta
17th Oct 2013 14:07
UK banks were trading in the red on Thursday after Exane BNP Paribas speculated that lenders may need to raise more capital to meet regulatory requirements. The Prudential Regulation Authority (PRA), due to make its final statement in December, could introduce additional capital buffers on top of c
Read moreBroker snap: UK banks could need extra capital, says BNP
17th Oct 2013 12:47
UK banks were trading in the red on Thursday after Exane BNP Paribas speculated that lenders may need to raise more capital to meet regulatory requirements. The Prudential Regulation Authority (PRA), due to make its final statement in December, could introduce additional capital buffers on top of c
Read moreBarclays named most complained about firm, FCA data reveals
16th Oct 2013 14:18
Barclays has been named as the most complained about firm in the first half, according to data from the Financial Conduct Authority. It had 370,733 complaints in the first half, down 12% from the previous half. Lloyds TSB was the second most complained about financial services firm with 253,735 co
Read moreLondon close: Markets rise despite debt-ceiling uncertainty
14th Oct 2013 16:49
Markets finished at their highest levels in two and a half weeks on Monday despite the ongoing uncertainty surrounding the US debt ceiling, as a deal to raise the borrowing limit still remains elusive. The FTSE 100 finished 20.46 points higher at 6,507.65, its best level since September 27th when i
Read moreSector movers: RBS leads banks lower after BofA downgrade
14th Oct 2013 16:00
UK-listed banks were out of favour on Monday as macro concerns weighed on investor appetite for risk; Royal Bank of Scotland was a heavy faller after being hit with a downgrade by Bank of America Merrill Lynch. The US broker lowered its rating for RBS from 'neutral' to 'underperform', cutting its p
Read moreFTSE 100 movers: Johnson Matthey tops leaders after upgrade
14th Oct 2013 14:37
The share price of chemicals group Johnson Matthey jumped on Monday after the stock was upgraded by JPMorgan Cazenove from 'neutral' to 'overweight'. The US bank hiked its target price for the shares from 2,800p to 4,000p, saying that it sees "major potential from a swathe of new global industrial c
Read moreLondon midday: Markets pause on US stalemate, mixed Chinese data
14th Oct 2013 11:28
Markets paused at a two-week high on Monday as investors refrained from building as concerns over the US debt ceiling and mixed data from China weighed on risk appetite. London's benchmark FTSE 100 was trading with small gains by midday after finishing Friday's session at 6,483.79, its highest clos
Read moreHelp to Buy boosts mortgage applications at RBS
14th Oct 2013 09:47
Royal Bank of Scotland has experienced high demand for mortgages after the government launched the second phase of its Help to Buy scheme last week. The lender booked up 5,000 mortgage appointments with customers within just three hours of the scheme going live and received 10,000 calls in the firs
Read moreLondon open: Stocks flat as US political deadlock continues
14th Oct 2013 08:38
A political stalemate in Washington over the debt ceiling weighed on risk appetite on Monday morning, with the FTSE 100 holding steady in early trading after hitting two-week highs the previous session. London's benchmark index finished at 6,483.79 on Friday, its highest close since September 27th,
Read moreLondon pre-open: FTSE to continue to climb higher
11th Oct 2013 07:25
City sources predict the FTSE 100 will open around 28 points higher than Thursday's close of 6,430.49, as investors begin to rebuild their confidence on hopes that lawmakers can come to a deal over the debt ceiling to stave off a default. Both US and Asian markets put it a strong performance overn
Read moreLloyds sells Australian assets to Westpac for 0.9bn pounds
11th Oct 2013 07:05
Lloyds Banking Group is to bid farewell to Australia after agreeing the sale of its assets there for 0.9bn pounds to Westpac Banking Corp. The disposal is in line with Lloyds' strategy of rationalising its international business and concentrating on the UK. The deal includes Capital Finance Austr
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreLondon open: Stocks rise on hopes over US deal, taper delay
10th Oct 2013 08:22
Stocks gained strongly on Thursday morning as signs of progress in Washington and hopes over a continuation of US monetary stimulus prompted bargain hunters to step in following three straight days of losses. The FTSE 100 set a fresh three-month low of 6,337.91 on Wednesday afternoon, its worst lev
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
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