Tuesday newspaper round-up: Petrol duty, RBS, Britain, carbon floor
15th Nov 2011 06:41
Downing Street is considering scrapping January's planned rise of 3p a litre in petrol duty to avoid imposing another crippling burden on motorists and damaging growth prospects. The Government is worried that the rise will hurt the economy, but cancelling it entirely would leave a £1.5bn hole in th
Read moreLondon close: Financials lower as euro fears persist
14th Nov 2011 16:40
Financials led the decline on Monday, bearing the brunt of Eurozone contagion fears. All eyes were on the bond market as yields on Italian and Spanish debt crept higher. ALL EYES ON BOND MARKETS The Italian Treasury met its target after issuing €3bn in five-year debt today, and while demand improv
Read moreLondon close: Italian vote drives late surge
11th Nov 2011 16:46
Just four stocks finished in the red in London as the Footsie closed 1.85% higher, near its highest levels of the day. Sentiment was given a lift around midday after positive newsflow out of Italy and some encouraging economic data from the US. ITALIAN YIELDS DOWN; US DATA PROVIDES A LIFT Italy's
Read moreFTSE 100 Movers: Schroders tops the list
11th Nov 2011 12:30
Schroders was the top riser after Deutsche Bank upgraded the stock to hold from sell, and even though Credit Suisse cut its target to 1,390p from 1,450p. AMEC was also rising after Galvan Research marked the stock out as a buy, saying that it expects the engineering and project management services
Read moreBritain facing banking exodus as HSBC and RBS slash jobs
11th Nov 2011 08:29
The Euro debt crisis appears to be forcing banks to accelerate efficiency savings as profits from investment banking dwindles. The Telegraph reports on job cuts at two of the UK's leviathon banks, HSBC and RBS. HSBC has long made it clear that thousands of jobs would go, now according to the Tele
Read moreLondon open: Footsie up as Eurozone fears ease
11th Nov 2011 08:21
London's blue chips were on the rise in the opening minutes following on from moderate gains seen on Wall Street last night and in Asian markets this morning. News of a new national unity government in Italy and the revealing of a new Greek prime minister has calmed fears slightly elsewhere in the E
Read moreLondon close: Italian fears spark sell-off
9th Nov 2011 16:30
The top share index in London finished at its lowest levels of the day on Wednesday afternoon, as worries over the dire financial situation in Italy caused a mass sell-off across all European markets. The same worries also dampened sentiment in the US, with the three Wall Street benchmarks dropping
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreNomura sees RBS as oversold short-term, however
7th Nov 2011 16:45
In a research note published today analysts at Nomura say that shares of Royal Bank of Scotland are oversold when looking at the short-term. On a more medium-term basis however these analysts are of the opinion that any rebound is likely to be a rally rather than a long-term trend. The reason for
Read moreDigital Look broker talk -UPDATE
7th Nov 2011 09:37
RBS: "At c0.45x TBV, the shares already discount a lot of negative news. The group prospects are uncertain and vulnerable to downturns in the economy and financial markets. Our recommendations of Barclays and the two Far Eastern banks are more analysable. However, RBS does now look oversold to us, e
Read moreMonday newspaper round-up: Berlusconi, SMEs, Vodafone
7th Nov 2011 06:58
Cabinet minister Danny Alexander has accused some trade union leaders of being "hell bent" on strike action over changes to public sector pensions with little regard for the interests of their members. The Liberal Democrat Chief Secretary to the Treasury said the Government would be contacting 2.5 m
Read moreLondon open: RBS leads the advance
4th Nov 2011 23:18
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon. Nationalised lender Royal Bank of Scotland (RBS) is leading the advance after its third quarter advance, al
Read moreLondon close: Footsie drifts lower ahead of Greek vote
4th Nov 2011 17:00
Things were going relatively swimmingly in London, until US jobs data prompted some investors to bank profits ahead of this evening's vote-of-confidence vote in the Greek parliament. The vote could be 'make-or-break' for prime minister George Papandreou. Many leading politicians in Greece have cal
Read moreBroker tips: RBS, Man Group, Invensys
4th Nov 2011 12:59
With "no negative surprises" in Royal Bank of Scotland's (RBS) third quarter results, Nomura highlights that figures were in line with expectations, but says that "longer-term challenges remain". "Against the currently volatile operating environment this may prompt some positive relief and has pote
Read moreLondon midday: ARM & RBS lead the rise
4th Nov 2011 12:28
The Footsie's earlier gains were trimmed after midday after some key US jobs data came in worse-than-expected. The Bureau of Labor Statistics has revealed that 80,000 non-farm payrolls were added in October, well under expectations of a 95,000 gain. "Employment in the private sector rose, with mode
Read more