London close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
Read moreFTSE 100 movers: RBS flying high on results update
4th May 2012 14:14
Nationalised lender Royal Bank of Scotland (RBS) was a high riser after its first-quarter results. The group is to repay the final tranche of notes issued under the government's Credit Guarantee Scheme (CGS) next week, after posting a profit of more than a billion pounds in the first three months of
Read moreLondon midday: Stocks lower before US non-farm payrolls
4th May 2012 12:10
- Miners drop on macro concerns, Australian growth - RBS rises after Q1 update - Markets await US non-farm payrolls The Footsie was firmly lower by Friday lunchtime as a sell-off in the mining sector outweighed a strong performance by the banks after some well-received results from Royal Bank of Sc
Read moreBroker tips: RBS, BG Group, Rentokil
4th May 2012 11:11
Nomura has maintained its reduce rating and 26p target price for part-nationalised lender Royal Bank of Scotland, but acknowledges that the first-quarter results were in line and 'modestly better than Lloyds'. "The RBS Q1 results were similar to our expectations and we thus expect limited movement
Read moreBroker snap: Operating environment still tough for RBS, says Nomura
4th May 2012 10:13
Nomura has maintained its reduce rating and 26p target price for part-nationalised lender Royal Bank of Scotland, but acknowledges that the first-quarter results were in line and 'modestly better than Lloyds'. Group operating pre-tax profit came in at £1,184m, in line with Nomura's £1,185m assumpti
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreRBS makes large stride on road to recovery
4th May 2012 09:13
Royal Bank of Scotland's quest to escape from bottomless perdition received a boost as first quarter profits came in ahead of market expectations. Group operating profit of £1,184m in the first quarter of 2012 contrasted with a £144m loss in the preceding quarter and even improved on the profit of
Read moreLondon open: Stocks fall but RBS bucks the trend
4th May 2012 08:29
- RBA cut GDP forecasts for 2012 - Markets await US non-farm payrolls - RBS rises after Q1 update, miners fall Miners dragged the Footsie into the red on Friday morning after Australia cut its economic growth forecast. Markets were showing caution ahead of non-farm payroll data due out in the US la
Read moreLondon pre-open: FTSE tracks US stocks lower
4th May 2012 07:31
City sources predict the FTSE 100 will open down 23 points from yesterday's close of 5,767, tracking US stocks lower ahead of US non-farm payrolls data for April. Bloomberg has estimated an increase of 160,000, while Goldman Sachs reckons on 125,000. Nationalised lender Royal Bank of Scotland (RB
Read moreCore RBS operating profit rises sharply
4th May 2012 07:03
Nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of notes issued under the government's Credit Guarantee Scheme (CGS) next week, after posting a profit of more than a billion pounds in the first quarter of 2012. Excluding own credit adjustments, pre-tax profit totalled
Read moreFriday newspaper round-up: RBS, Horizon, Italy
4th May 2012 07:01
Royal Bank of Scotland will on Friday confirm it has all but repaid the £163bn in emergency loans it received from British and US taxpayers during the financial crisis. The part-nationalised lender, which is 82pc state-owned following a £45bn taxpayer bailout, will complete the loan repayments next
Read moreFriday preview: RBS, Rentokil, US jobless
3rd May 2012 15:54
After Lloyds Banking turned in a decent set of results earlier this week it is the turn of the other part-nationalised bank, Royal Bank of Scotland (RBS), to bring a smile to the face of the tax man, if such a thing is possible. Credit Suisse said: "Having seen a strong performance YTD [year-to-da
Read moreLondon close: Footsie drops one per cent after gloomy data
2nd May 2012 16:38
- US ADP data well below expectations - Eurozone manufacturing, employment figures weigh on sentiment - Banks, miners among worst performers in London The Footsie finished close to its lowest levels of the day on Wednesday, nearly erasing its impressive rise the day before, as some worse-than-expec
Read moreFTSE 100 movers: Next in pole position on sales rise
2nd May 2012 14:19
Fashion chain Next rose into the top spot after sticking with full-year guidance given in March after first quarter sales showed a small year-on-year improvement, helped by contributions from new stores. Broadcaster and broadband group BSkyB was also making gains after reporting record nine-month
Read moreLondon midday: Eurozone data dampens sentiment
2nd May 2012 11:42
- Eurozone jobless rate matches 1997-high - Eurozone manufacturing takes a hammering - Banks among the fallers, StanChart falls after first-quarter update London's blue chips slumped on Wednesday morning while most other major European markets traded moderately higher as they reacted to yesterday's
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