London midday: Stocks holding higher for now
6th Feb 2013 12:00
By the midday mark the Footsie was continuing to trade slightly higher, tracking overnight gains on Wall Street and in Tokyo. The latter came in response to news that Bank of Japan Governor, Masaaki Shirakawa, will step down on March 19th, almost three weeks ahead of schedule, which some observers
Read moreLondon open: Stocks undaunted ahead of central banks
6th Feb 2013 09:24
The Footsie has begun the day with a moderate move higher, tracking overnight gains on Wall Street and in Tokyo. The latter came in response to news that Bank of Japan Governor, Masaaki Shirakawa, will step down on March 19th, almost three weeks ahead of schedule, which some observers interpreted a
Read moreRoyal Bank of Scotland expects 'significant penalties' in LIBOR probe
6th Feb 2013 07:32
The Royal Bank of Scotland confirmed Wednesday it was in late-stage settlement discussions with authorities in a LIBOR investigation and expects to pay 'significant penalties'. RBS said it was in final talks with regulators in the Britain and the US in relation to a probe into interest rate rigging
Read moreWednesday newspaper round-up: RBS, Virgin Media, BP...
6th Feb 2013 06:58
Royal Bank of Scotland was today expected to announce that the head of its investment bank, John Hourican, will leave the company and give up rights to around four million pounds-worth of share options. Hourican had been brought in to rescue the investment arm after the bank was bailed out by the UK
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreLondon midday: FTSE 100 bounces back after sharp sell-off
5th Feb 2013 11:39
Well-received results from ARM Holdings and BP and a decent performance from the banking sector helped the FTSE 100 bounce back slightly after Monday's sell-off. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone dented sentiment: corruption scandals at S
Read moreTuesday newspaper round-up: Lloyds, RBS, Virgin Media...
5th Feb 2013 06:53
The boss of one of Britain's taxpayer-owned banks is being lined up for a bonus of up to 1.5 million pounds for last year, refusing to follow the example set by his counterparts at RBS and Barclays, who have both waived their rights to a payout. António Horta-Osório, chief executive of Lloyds Bankin
Read moreLondon close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreFTSE 100 movers: Randgold Resources ahead on profits
4th Feb 2013 14:45
Randgold Resources was leading the FTSE 100 race Monday after the gold exploration and development company posted a 16 per cent rise in profits for the full year. Production levels for the year also climbed 14% to 794,844 ounces of gold, while quarter-on-quarter profit was up 18% and production up
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreLondon open: Banks weigh on the Footsie early on
4th Feb 2013 08:19
The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013. Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008. "We may see a break in the recen
Read moreSunday newspaper round-up: Banks, Afren, 3i
3rd Feb 2013 13:25
Ahead of a major speech on the issue on Monday, George Osborne is still negotiating with Vince Cable, the Business Secretary, on the exact detail of a reserve power the Government could use if banks were found to be abusing new regulations. Figures close to the Chancellor said he would not back a "b
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreFTSE 100 movers: Miners rise on positive Chinese data
1st Feb 2013 15:04
Miners were performing well on Friday as continued growth in China's manufacturing lifted the demand outlook for commodities. Fresnillo and Vedanta Resources were among the best performers. Telecoms giant BT was a high riser today after its third-quarter results, as cost control helped it to beat
Read moreRBS reportedly mulling proposals to claw back 100 pounds from pay deals
1st Feb 2013 13:53
A Sky News report has alleged that Royal Bank of Scotland is examining proposals to claw back up to 100m pounds from pay deals previously awarded to executives in its investment bank as it prepares to settle allegations that it played a role in the LIBOR rate-rigging conspiracy. According to the ne
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