London close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
Read moreTuesday paper round-up: Goldman Sachs, Greece, Volcanic ash
20th Apr 2010 06:27
Goldman Sachs has been drawn into a fresh controversy as lawyers demand to know whether it was partly responsible for triggering Lehman Brothers' downfall by shorting its rival's shares. Goldman has been subpoenaed to hand over documents to Lehman's Bryan Marsal, the man responsible for winding up
Read moreMonday paper round-up: British Airways, Goldman Sachs, Election
19th Apr 2010 06:41
British Airways challenged the blanket ban on flights as its chief executive took to the skies to test the effects of volcanic ash on its aircraft. Willie Walsh, the airline's chief executive, joined four crew in a three-hour test flight from London, over the Atlantic, to Cardiff. Today the airline
Read moreFriday newspaper round-up: BT, Asda, Prudential
16th Apr 2010 06:20
Orange has opened up a new front in the fight for broadband customers after abandoning its fixed-line network and cutting a deal with BT to offer better high-speed internet. The move is Tom Alexander's first significant strategic decision as chief executive since Orange and T-Mobile merged last mont
Read moreLondon close: Footsie moves past 5,800
14th Apr 2010 16:35
Positive sentiment as the US first quarter earnings season gets under way helped inject a bit of life into Footsie following recent sluggishness, sending it past the 5,800 point mark, though it settled slightly lower. Forecast-topping results from computer chip maker Intel yesterday were interprete
Read moreLondon afternoon: Upward trend continues
14th Apr 2010 14:26
London consolidated gains over the lunch-time session on another quiet day for corporate news. Forecast-topping results from computer chip maker Intel yesterday have been interpreted as a clear sign that the recovery in the global economy is not running out of steam, and that has led to a rise in b
Read moreLondon midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read morePru puts Devey in charge of Asian integration
14th Apr 2010 09:10
Rob Devey, chief executive of Prudential UK and Europe, has been handed the task of integrating the Asian life assurance business of AIG into the Pru's Asian operations. Devey takes up the role with immediate effect and will report directly to group chief executive Tidjane Thiam, the man who has pu
Read moreLondon afternoon: Footsie in drift mode
7th Apr 2010 14:46
Footsie is becalmed after a weak start in the US and mixed news on the UK economy. Hedge fund giant Man remains the best performer. Last night the company disclosed that the net asset value of the AHL fund had risen 3.81% last week, prompting brokers Execution Nobel to rush out a 'buy' note, while
Read moreLondon midday: Footsie flat on quiet morning
7th Apr 2010 12:04
Footsie has recovered its early losses but investors are struggling to find reasons push it any higher ahead of the US open. The share price of hedge fund giant Man has become a lot more volatile since it switched to more frequent updates of the performance of its flagship AHL fund. Last night th
Read moreLondon open: Blue chips drift lower
7th Apr 2010 08:51
Blue chips have opened lower following an indecisive performance in the US last night as concerns over the financial health of Greece resurfaced. Hedge fund giant Man is one of the few strong risers alongside property giants Land Securities and Hammerson. Mobile phone giant Vodafone is to launch a
Read moreWednesday paper round-up: Election, BSkyB, Prudential
7th Apr 2010 06:35
Britain's business leaders have warned of a month of market volatility ahead of the General Election unless the political parties offer more coherent plans on cutting the £167bn deficit. The pound fell against the dollar and the euro on Tuesday as the openingelection moves failed to convince trader
Read moreWeek Ahead: British Airways, Pru, M&S
2nd Apr 2010 14:37
Wednesday looks like it could be an interesting day in the post-Easter week with two companies mired in controversy, British Airways and Prudential, scheduled to make announcements. Airline British Airways is scheduled to give details of passenger statistics for March, a month in which services wer
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