London close: Big gains on Euro hopes
27th Oct 2011 16:43
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone official
Read moreFTSE 100 Movers: Eurozone agreement buoys market
27th Oct 2011 16:06
Kazakhstan-based copper miner Kazakhmys was rising after reporting that it should meet all output targets for the full year, despite falling production and grades across all its metal groups in the third quarter. The group, which also has interests in gold, zinc, silver and power generation, said
Read moreLondon midday: Double-digit gains for Barclays, RBS
27th Oct 2011 12:04
Stocks are posting big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone off
Read moreLondon open: Markets celebrate euro agreements
27th Oct 2011 08:30
Just one stock was in the red on the FTSE 100 in the opening minutes of Thursday, as markets turned bullish on the back of a three-prongued deal in the Eurozone last night. The blue chip index in London jumped 1.85% early on, joining all major benchmarks across the continent this morning, with indic
Read moreParagon acquires unsecured loans from RBS
27th Oct 2011 07:40
Buy-to-let mortgage specialist The Paragon Group of Companies has acquired a portfolio of unsecured consumer loans from The Royal Bank of Scotland. The £43.2m consideration, which is being financed from Paragon's cash reserves, represents the value at which the acquired loans will be taken on to t
Read moreLondon close: Banks buoyed by bailout beef-up
19th Oct 2011 16:50
Footsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper
Read moreFTSE 100 Movers: GKN drops after profits rise just 1%
19th Oct 2011 14:18
GKN was the biggest loser on the FTSE after announcing a pre-tax profit rise of just 1% in the third quarter. After accounting for the final charge of £11m relating to its plant closure in the US, the automotive, aerospace and land systems engineer revealed that pre-tax profit was £89m in the three
Read moreLondon midday: Stocks stay buoyant
19th Oct 2011 11:59
Shares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a
Read moreLondon open: RBS, Barclays and Lloyds lead the way
19th Oct 2011 08:32
Greece has been crippled by strikes. Spain's debt has been downgraded by Moody's. And EU officials say no deal has been reached on scaling up the Eurozone fund. But for now London's leading share index is in positive territory. A 48-hour general strike has been called in Greece ahead of a vote on a
Read moreWednesday newspaper round-up: RBS/Lloyds, Mervyn King, Lord Wolfson
19th Oct 2011 06:05
Companies are cutting their business with the taxpayer-owned lenders Royal Bank of Scotland and Lloyds amid fears that the cost of borrowing will rise after the recent ratings downgrade by Moody's. The Association of Corporate Treasurers told MPs yesterday that corporate borrowers had already begun
Read moreLondon close: German party poopers bash shares
17th Oct 2011 16:44
It was an another topsy-turvy dominated by changing perceptions of the Eurozone situation, with shares finishing firmly in the red after Steffen Seibert, spokesman for German Chancellor Angela Merkel, suggested that markets were getting carried away with the optimism. Referring to the hopes being
Read moreLondon midday: Euro boost for stocks again
17th Oct 2011 12:08
Stocks are buoyant this morning with attention once again focused on the Eurozone. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will now be looking ahead to a crucial EU summit on 23 October, with Chancellor of the Exchequer George Osborne calling
Read moreLondon open: BP leads the rise, Footsie above 5,500
17th Oct 2011 08:34
The Footsie jumped above the 5,500 mark in the opening minutes, a level not seen since early August, on the back of hopes that Eurozone leaders are working hard to solve the region's debt crisis. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will no
Read moreBroker tips: RBS, Rolls-Royce, Ferrexpo
14th Oct 2011 12:53
Evolution Securities has reiterated its buy rating and 40p target for part-nationalised lender Royal Bank of Scotland (RBS), saying "don't let the facts get in the way of a good story". The broker emphasises that RBS does not need to raise fresh capital due to the following reasons: a core tier one
Read moreBroker snap: RBS doesn't need to raise capital, says Evolution
14th Oct 2011 12:52
Evolution Securities has reiterated its buy rating and 40p target for part-nationalised lender Royal Bank of Scotland (RBS), saying "don't let the facts get in the way of a good story". The broker emphasises that RBS does not need to raise fresh capital due to the following reasons: a core tier one
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