London open: Stocks edge higher ahead of EU summit
27th Jun 2012 08:24
- Caution ahead of the EU summit - Merkel still against eurobonds - Chinese stimulus speculation does the rounds Stocks rose moderately on Wednesday morning though the mood was still cautious with the focus on the upcoming EU summit in Brussels. "With European equity markets having been confined t
Read moreLondon close: Markets cautious on Eurozone uncertainty
26th Jun 2012 16:33
- Cautious mood ahead of EU summit - Cyprus, Spain and Italy dampen sentiment - US data mixed The FTSE 100 struggled to find direction on Tuesday, swinging between gains and losses throughout the day on the back of development in the Eurozone and mixed economic data from the US. Traders were showi
Read moreFTSE 100 movers: Shire jumps into top spot on upgrades
26th Jun 2012 15:28
Shire leapt into the top spot, rebounding after a heavy sell-off the day before on the back of generic competition issues surrounding its ADHD drug, Adderall XR. The firm was given a lift by Panmure Gordon, Berenberg and Societe Generale, who all upgraded their ratings on the stock. Speciality che
Read moreLondon midday: Stocks flat on mixed Eurozone news
26th Jun 2012 11:33
- German consumer sentiment improves - Cyprus asks for a bailout - Perhipery bond auctions see yields rise London's Footsie swung between gains and losses on Tuesday morning on the back of mixed news from the Eurozone. Investors are likely to remain cautious ahead of the crucial EU summit on June 2
Read moreLondon open: Stocks rise after German GfK report
26th Jun 2012 08:37
- German consumer sentiment expected to improve - Cyprus asks for bailout - Moody's downgrades 28 Spanish banks London blue chips advanced in early trading on Tuesday as an unexpected rise in German consumer sentiment outweighed concerns over Cyprus and Spain. Also helping the mood this morning wa
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreLondon open: Shire provides a drag early on
25th Jun 2012 08:23
- Shire tumbles after generic ADHD deal gets approval - Polymetal rises after broker upgrade - Investors look to EU summit Banking and mining stocks were providing a drag in London on Monday morning, as investors showed caution ahead of the EU summit later this week. Trader Jordan Lambert from Spr
Read moreRBS systems 'back to normal'
25th Jun 2012 08:02
Royal Bank of Scotland, which owns NatWest and Ulster Bank, is extending opening hours for a fifth day but said computer problems have been largely resolved. A glitch has seen thousands of customers unable to pay in or to receive money into their accounts. RBS said the problem was fixed over the w
Read moreMonday newspaper round-up: Retailers, BoE, RBS
25th Jun 2012 07:03
Tax loopholes uncovered by The Times will be investigated by Parliament, the chairman of the powerful House of Commons Public Accounts Committee will reveal today. Abuses uncovered by a series of articles looking into income tax avoidance "wouldn't look out of place in a banana republic", says Marga
Read moreFTSE 100 movers: Lloyds leads banks higher despite Moody's downgrades
22nd Jun 2012 15:27
Banking peers Lloyds, RBS, HSBC and Barclays were all making gains on Friday afternoon despite having their credit ratings downgraded by Moody's. Lloyds, which was downgraded in a separate report to the others, was a high riser after saying Moody's has recognised "the substantial momentum we have
Read moreLondon midday: Banks shrug off downgrades, but resources stocks drag
22nd Jun 2012 11:48
- Banks rise in spite of Moody's downgrade - Spanish banks need up to 62bn euros, says private audit - German business confidence falls to two-year low Banks were making gains by midday as they shrugged off a sector-wide downgrade my Moody's, but the Footsie still remained in the red with oil and m
Read moreRBS may lose premium in Santander deal
22nd Jun 2012 10:41
Royal Bank of Scotland (RBS) may receive 300m pounds less than expected from the sale of 318 branches to Santander UK. That after business at the branch network did not reach the targets set out in the deal terms, according to sources cited by Financial Times. The agreed £1.65bn price tag included
Read moreLondon open: Mass bank downgrade in the spotlight
22nd Jun 2012 08:32
- Moody's downgrades 15 global banks - Spain needs up to 62bn euros in bank aid - Oils and miners drops early on London's blue chips dropped sharply on Friday morning with the mass bank downgrade by Moody's weighing on sentiment across Europe. Credit ratings agency Moody's has downgraded 15 major
Read moreMoody's cut is 'backward looking', claims RBS
22nd Jun 2012 07:48
Credit ratings agency Moody's has downgraded 15 major banks and financial instiutions, including the major lenders on Britain's High Street. Royal Bank of Scotland, Barclays, Lloyds and HSBC all got the downgrade treatment as the agency completed its review of the global banking sector. Barclays' r
Read moreLondon pre-open: Stocks set to fall after mass bank downgrade
22nd Jun 2012 07:32
City sources predict the FTSE 100 will open down 47 points from yesterday's close of 5,566. In particular focus this morning will likely be Moody's downgrade of 15 global banks and securities firms including Bank of America, Citigroup and UK banks Barclays, HSBC and RBS. That following sharp fa
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