FTSE 100 Movers: Banks on the up after ECB announcement
16th Sep 2011 12:07
The banks maintained their top position throughout the morning as the blue chip index extended gains on the back of the announcement by the European Central Bank (ECB) yesterday to provide more dollar liquidity to Eurozone banks. Barclays, RBS and Lloyds were all buoyed after the news that the ECB
Read moreLondon open: Banks lead the rise
16th Sep 2011 08:35
The FTSE 100 has risen higher in early trading, led by the banks, as the blue chip index extended gains on the back of the an announcement by the European Central Bank (ECB) made yesterday. US and Asian markets performed well on Thursday and overnight, respectively, on news that the ECB - along wit
Read moreLondon close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreLondon close: FTSE 100 rises 1% as euro fears ease
14th Sep 2011 16:30
The Footsie finished strongly on Wednesday, gaining over 1%, despite a slow start for US stocks after retail sales were unchanged in August. Stocks were helped on numerous reports of governments riding to the rescue of Europe - such as the BRICs (Brazil, Russia, India, and China) who are said to be
Read moreLondon close: Miners, banks unwanted as Footsie falls 1.6%
12th Sep 2011 16:28
Despite finishing over 1% down, the FTSE 100 managed to pull back slightly despite a broad sell-off across Europe and a mixed start on Wall Street. Concerns over Europe's sovereign debt crisis were escalated today on speculation that Greece is headed for a default. Meanwhile, Greece's prime ministe
Read moreLondon midday: Stocks stuck lower but Lloyds bucks trend
12th Sep 2011 12:03
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue. The UK has its own concerns though after the government-appointed Independent Commission on Banking has said British banks should separate their retail bank
Read moreLondon open: Stocks tumble after banking report
12th Sep 2011 08:24
Footsie has dived more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Commission o
Read moreLondon pre-open: Triple digit fall as market digests ICB report
12th Sep 2011 07:32
The Footsie is set to dive more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Com
Read moreSunday newspaper round-up: Death of 'peak oil', UK stimulus, Derby
11th Sep 2011 15:21
"America is poised to become the world's largest oil producer once again ? nearly four decades after it lost the title," writes The Sunday Times. Goldman Sachs, the investment bank, has predicted that US production will hit 10.9m barrels a day by 2017, a one-third rise over its current lev
Read moreRBS sells Glasgow hotel
7th Sep 2011 07:42
State-owned lender Royal Bank of Scotland has taken another step in its programme to slim down its hotel portfolio with the sale to a private investor of the Hilton Glasgow Grosvenor hotel. The hotel has been sold for £9.45m in cash. "This shows continued progress with the sale of the hotel portfo
Read moreWednesday newspaper round-up: Quitting the euro, Osborne, Yahoo!
7th Sep 2011 06:05
Quitting the euro would impose horrendous costs even on a strong economy such as Germany, meaning that the single currency is far more likely to lurch towards closer integration than break apart, new research shows. Amid rising tensions on financial markets, analysts at UBS estimated that if Germany
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreUS analyst warns against punishing banks
6th Sep 2011 15:25
Banking reforms being driven through by the US government could force the country into a recession, according to analyst Dick Bove. His warning follows news that the Federal Housing Finance Agency is to sue 17 banks over sub-prime mortgage lending, including Royal Bank of Scotland, Barclays and HSB
Read moreMacquarie Group looking at RBS's aircraft leasing business
6th Sep 2011 08:45
Australia's top investment bank, Macquarie Group, is eyeing a bid for the aircraft-leasing business being sold by the Royal Bank of Scotland, as it seeks to expand its growing reach into aviation assets, according to Reuters. The unit is said to be worth more than $6bn. Shares of The Royal bank of
Read moreLondon close: Another slide for FTSE 100
5th Sep 2011 16:48
Stocks were on the slide Monday, giving up many of last week's gains, with banks bearing the brunt of the selling. Bank shares fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks. Sky News reported over the weekend that Moody's
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