London close: Footsie sinks to 2012 low
10th Apr 2012 16:56
- Miners suffer sell-off on macro-economic concerns - US jobs data dampens sentiment - Randgold bounces back after Malian settlement London's FTSE 100 index slumped to its lowest levels in 2012 on Tuesday as investors had a four-day weekend to digest a gloomy US jobs report out on Friday. Just a ha
Read moreFTSE 100 movers: Randgold rises on Mali settlement
10th Apr 2012 15:18
Gold miner Randgold Resources leapt into the top spot after it welcomed the announcement of a political settlement in Mali which will see the lifting of sanctions against the country by its West African neighbours. The stock was bucking the trend though with miners in general leading the decline a
Read moreLondon midday: Miners provide a drag on Footsie
10th Apr 2012 11:53
- Friday's US jobs data dampens sentiment - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement The Footsie had fallen by nearly one whole percentage point by Tuesday lunchtime as investors digested a gloomy jobs report from the US which came out on Friday.
Read moreLondon open: Stocks drop on US jobs report
10th Apr 2012 08:32
- Markets digest Friday's US jobs data - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement After a long weekend, the FTSE 100 fell sharply in early trade on Tuesday on the back of a mixed performance by the miners and a decline in the banking sector, as in
Read moreLondon midday: Footsie down after manufacturing data, BoE holds rates
5th Apr 2012 11:41
- BoE holds rates, QE - UK manufacturing in surprise decline - Financials lead Footsie lower, Ashmore bucks trend After a cautious start, the Footsie found its direction by mid-morning, falling steeply after some worse-than-expected domestic manufacturing data. Meanwhile, the Bank of England's po
Read moreLondon open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreWednesday newspaper round-up: Spain, Fed, RBS/Lloyds...
4th Apr 2012 06:50
"Spain has set off further alarm bells among bond investors and its crisis-hit eurozone neighbours by conceding that its debts will balloon this year to their highest level for two decades. The admission fanned fears that the recession-bound country will lose its battle to stay on top of its debts w
Read moreSector movers: Diageo rises on Jose Cuervo speculation
2nd Apr 2012 15:10
Drinks giants Diageo and SABMiller were making decent gains on Monday afternoon, meaning that the beverages sector was at the top of the pile. Diageo is rumoured to be nearing the acquisition of a further stake in Mexican tequila maker Jose Cuervo. According to media reports, Diageo could be buying
Read moreFTSE 100 movers: Miners jump on Chinese data while financials fall
2nd Apr 2012 14:39
Miners were providing a lift after the better-than-expected manufacturing data from China, which saw the nation's purchasing managers' index rise to an 11-month high of 53.1 in March, from 51 the month before. This boosted hopes for demand in the metals industry with Fresnillo, Rio Tinto and Vedan
Read moreRBS sells Asian-Pacific bits and pieces
2nd Apr 2012 10:07
Royal Bank of Scotland (RBS), the beneficiary of the biggest banking bailout out in world history, is to sell some of its Asia-Pacific businesses to fast growing Malaysian outfit CIMB. CIMB is to scoop up RBS's cash equities business in Australia, China, Hong Kong, India and Taiwan, plus the sales
Read moreLondon open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreRBS to dish out dosh to preference shareholders
2nd Apr 2012 07:45
State-owned Royal Bank of Scotland (RBS) is looking to resume dividend payments to holders of its preference shareholders to signal its progress on the road to financial stability. "Paying a dividend is good market behaviour and is an important signal to debt holders and equity holders," an RBS sou
Read moreMonday newspaper round-up: RBS, LTROs, Indian tax law...
2nd Apr 2012 06:58
"RBS is working on plans to 'turn the tap back on' for a 350m-400m pounds dividend payment to preference shareholders as the bank addresses a clutch of hurdles in its quest to privatise the Government's 82 per cent stake. 'Paying a dividend is good market behaviour and is an important signal to debt
Read moreLondon close: Eurozone worries dampen UK stocks
29th Mar 2012 16:35
- Stocks dragged down by Eurozone concerns - International Power receives approach from GDF Suez - FirstGroup plummets after gloomy update London's FTSE 100 index sank to its lowest levels of the day by the close of trade on Thursday with Eurozone worries once again in focus as bond yields in Italy
Read moreLondon close: Oil and gas stocks slump after North Sea gas leak
27th Mar 2012 16:27
- Elgin gas leak weighs on stocks - Wolseley, Compass disappoint after updates - Banks rise, RBS wanted on speculation UK stocks slumped in afternoon trade as earlier optimism quickly faded with consumer confidence data from the US disappointing late on. Meanwhile, oil and gas heavyweights were pro
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