London midday: Footsie rebounds strongly after Draghi-fuelled sell-off
3rd Aug 2012 11:39
- RBS leaders risers after first-half figures - Markets await US data - Peripheral yields fall, ECB rumours do the rounds The Footsie was up 1.3 per cent by midday on Friday as strong gains in the financial sector provided a lift to the blue-chip index as it attempted to claw its way back from a he
Read moreBroker tips: RBS, Smith and Nephew, Ophir
3rd Aug 2012 11:12
Investec has reiterated its 'buy' recommendation and 300p target price for part-nationalised lender Royal Bank of Scotland after the group's in-line first-half results, saying that it expects a recovery in profitability from next year onwards. "It's not all bad. While MPs and regulators focus their
Read moreThe cost of nationalising RBS just went up
3rd Aug 2012 10:49
There were a lot of numbers in Royal Bank of Scotland's interim results statement, some of them bad, but most of them good or at least indicative of progress. Technically speaking, the part-nationalised lender made a loss before tax of £1,505m in the first half of 2012, versus a loss of £794m at th
Read moreBroker snap: 'Hands off RBS, Vince,' says Investec
3rd Aug 2012 10:02
Investec has reiterated its 'buy' recommendation for part-nationalised lender Royal Bank of Scotland after the group's in-line first-half results, saying that it expects a recovery in profitability from next year onwards. "It's not all bad. While MPs and regulators focus their energies on sound-bit
Read moreLondon open: Stocks rebound after Draghi disappointment
3rd Aug 2012 08:31
- Stocks rebound after Draghi-fuelled sell-off - Chinese data improves - RBS leads banks higher after first-half results The Footsie rose strongly Friday morning, rebounding after a heavy sell-off the day before, with RBS and the banks providing a lift early on. Stocks sank yesterday after a press
Read moreLondon pre-open: Limited rise expected despite frightening data
3rd Aug 2012 07:34
City sources predict the FTSE 100 will open up just two points from yesterday's close of 5,662, flattening out ahead of today's all important July non-farm payrolls data. Equity markets across Europe tanked on Thursday afternoon in spite of a positive start, after the European Central Bank (ECB) d
Read more'Own credit' charge is sign of progress, says RBS
3rd Aug 2012 07:02
What the bank terms 'clean up losses' from its non-core businesses and Ulster Bank continue to blight the performance of Royal Bank of Scotland (RBS), though impairments remain on a downward trend. RBS's operating profit in the first half of 2012 was £1,834m, down from £1,966m the year before, afte
Read moreFriday newspaper round-up: Austerity, RBS, Apple
3rd Aug 2012 06:52
Delaying the austerity programme by three years would put 200,000 people back into work and raise economic growth by 239bn pounds over a decade, according to one of the UK's leading think tanks. The National Institute of Economic and Social Research (NIESR) published the analysis as it slashed its g
Read moreFriday preview: Still lots of work to be done at RBS
2nd Aug 2012 17:16
After the massive let-down that was the European Central Bank's policy meeting on Thursday economists turn their attention to US job data for July. Expectations are that non-farm payrolls will have increased by 100,000, after rising 80,000 in June. The US unemployment rate is tipped to remain at 8.
Read moreLondon close: Markets tank as Draghi dampens sentiment
2nd Aug 2012 16:48
- Draghi fails to give markets a boost - BoE maintains rates and QE - RBS leads the downside on one-charges, nationalisation rumours Equity markets across Europe tanked on Thursday afternoon in spite of a positive start, after the European Central Bank (ECB) dashed hopes of immediate action to stem
Read moreFTSE 100 movers: RBS down on government plans and fine
2nd Aug 2012 14:37
According to the Financial Times, the government is considering buying up the remaining shares in Royal Bank of Scotland (RBS) that it does not already own in an effort to kick start lending to businesses, news which pushed the stock into the bottom spot on the FTSE. The paper claims ministers are b
Read moreRBS to be fined for IT mishap, mis-selling scandals
2nd Aug 2012 14:18
Royal Bank of Scotland is expected to incur a 300m-pound one-off charge in relation to IT breakdowns at Natwest and two mis-selling scandals. According to an exclusive report by Mark Kleinman, the City Editor of Sky News, the bank will reveal details of the financial impact from these issues on Fri
Read moreLondon midday: BoE holds fire; all eyes now on the ECB
2nd Aug 2012 11:44
- BoE maintains rates, QE - ECB decision in focus - RBS lower on nationalisation speculation While the policy-makers at the Bank of England (BoE) did what most were expecting - leaving interest rates and quantitative easing (QE) unchanged - UK stocks were trading firmly higher on Thursday morning
Read moreGovernment considering full nationalisation of RBS, FT says
2nd Aug 2012 10:27
The British government is seriously considering fully nationalising Royal Bank of Scotland (RBS) in an effort to kick start lending to businesses, according to the Financial Times. The paper claims ministers are becoming "exasperated" that the bank, which is 83% owned by the taxpayer, is not lendi
Read moreLondon close: Markets cautious before Fed decision
31st Jul 2012 16:54
- Footsie drops 1.02 per cent as risk rally fades - BP, Weir and RBS sold off - Markets await decisions from the Fed and ECB London's FTSE 100 index finished the day firmly in the red as a barrage of earning reports from some European heavyweights disappointed and investors showed caution ahead of
Read more