Pru director pockets £700,000
12th Sep 2011 13:42
Prudential executive director Michael McLintock has trousered nearly £700,000 from the sale of shares in the insurance giant. He sold 120,000 shares at 577p a time, but still has nearly 800,000. McLintock has been an executive director at the Pru since 2000. He is chief executive of M&G, an inves
Read morePrudential executive reduces stake
25th Aug 2011 13:58
Prudential director Barry Stowe has cut his stake in the company selling 95,000 of his shares. Stowe, who now holds 1,100,796 shares in the firm, made the sale on 23 August for a total price of £563,046 at 592.68p per share. The 52-year-old, who has been in his role since November 2006 after mor
Read moreLondon close: Financials drag Footsie lower
17th Aug 2011 16:46
Following a steep decline early on, the blue chip index staged a partial recovery on the back of a positive start on Wall Street. Nevertheless, the Footsie still finished in the red, as losses for financial stocks outweighed gains in the mining sector. Meanwhile, it was revealed today that all nine
Read moreLondon close: Stocks rally after strong start in US
11th Aug 2011 16:30
The volatile trading continued on Thursday as losses were turned into gains in London on the back of a rally on Wall Street. A steep rise was seen after midday erased earlier losses and helped the Footsie to finish near its highs for the day. Equities were on the rise in morning trade in New York a
Read moreLondon close: Triple-digit losses as fightback fails
5th Aug 2011 17:06
The top share index closed deep in the red after giving up an afternoon rally that came on the back of heartening job figures in the US. RBS was one of the main casualties, though it bounced off its earlier lows to close down about 7%.Exposure to Greek government bonds and a charge for mis-selling
Read moreLondon midday: Triple-digit losses despite fightback
5th Aug 2011 12:32
Stocks are still posting nasty losses after resuming the slide this morning, though the top share index has come off earlier lows, with Royal Bank of Scotland in particular staging a strong recovery. The stock is down about 5% now, having previously been 20% lower. Exposure to Greek government bond
Read moreLondon open: Royal Bank of Scotland leads the slide
5th Aug 2011 08:23
Stocks are on the slide following the rout in Wall Street last night, with Royal Bank of Scotland in the eye of the storm after exposure to Greece pushed the bank into losses in the second quarter. Exposure to Greek government bonds and a charge for mis-selling of Payment Protection Insurance (PPI
Read moreLondon pre-open: Stocks set for slide as global rout continues
5th Aug 2011 07:39
The top share index is set for triple-digit falls and then some in early dealings as worries over the global economic situation continue to grip markets. US benchmarks suffered their worst one-day decline since the financial crisis of 2008/09 as investors reflected their concerns over the global ec
Read moreStrong growth in Asia drives profits at Prudential
5th Aug 2011 07:07
First half profits at insurance titan Prudential jumped by a quarter to top expectations, driven by strong growth in Asia. Shares edged 1.59% lower to 620p after the open on Friday, but losses were not as steep as most on the FTSE 100, as the blue chip index lost 2.18%. Operating profit, on a Inte
Read moreFriday preview: RBS, Pru, US non-farm payrolls
4th Aug 2011 18:31
Royal Bank of Scotland (RBS) brings the banking results season to an end with its interim results, and, as with its fellow part-nationalised lender, Lloyds, provisions for claims related to mis-selling of payment protection insurance (PPI) are likely to cloud the profit picture. "We expect an inter
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreFTSE 100 movers: Financials mixed as investor lock in profits
22nd Jul 2011 14:18
The financial sector was mixed on Friday, despite rising strongly early on following yesterday's Eurozone deal to bailout Greece. Shares soared on Thursday after the region's leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. While RBS bucked the tre
Read moreLondon close: European hopes boost Footsie back to 5,900
21st Jul 2011 16:34
London equities rallied to a strong finish - recouping the losses experienced over the last week - on hopes of a solution to the sovereign debt crisis in Europe. At midday, shares offset early losses as reports surfaced that Europe's leaders have agreed on a new aid package for Greece and an overh
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
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