London afternoon: Imagination hit by Samsung rumour
12th Nov 2010 14:27
Considering mining shares are in the dumper Footsie, though lower on the day, is faring reasonably well, after a lunch time session that saw share prices move sideways. Miners are big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk
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11th Nov 2010 17:00
BT has pleased investors with its figures and miners are recovering yesterday's losses. BT increased earnings forecasts for the full-year after bumping up profits by 13% during the second quarter. That was enough for the company to raise its prediction for full-year adjusted EBITDA to around £5.8b
Read moreIrish bond yields rise above 9%
11th Nov 2010 16:53
The 10-year Irish bond yield has risen above 9% as Irish bonds fall for the 13th day in a row. Traders continue to offload Irish bonds, concerned over the ability of the country's government to pay its debts. That pushed the difference between the returns investors demand to lend money to the Iris
Read moreLondon close: Footsie little changed
11th Nov 2010 16:44
Footsie closed little changed, which wasn't a bad result given a triple-digit loss for the Dow when it opened. Ireland was the story breaking as the trading day closed. Yields on benchmark Irish bonds rose to over 9% on reports that the EU might have step in and bail the country out. José Manuel
Read moreLondon afternoon: Financials drag index lower
11th Nov 2010 14:24
An early three-digit loss on Wall Street has the Footsie near its worst levels of the day, with financials the biggest fallers. Insurers Aviva, L&G and Standard Life are deep in the red, as are and RBS and Barclays on fears about Irish debt. Metal heavyweights are limiting the deficit though. Most
Read moreRBS falls on Irish exposure worries
11th Nov 2010 12:44
Worries that the Irish debt situation could hurt Britain surfaced today as shares in RBS fell on concerns over the nationalised bank's exposure to the former Celtic tiger. Traders continued to offload Irish bonds on Thursday, concerned over the ability of the country's government to pay its debts.
Read moreBroker snap: Lloyds preferred to RBS at Nomura
8th Nov 2010 13:16
Nomura has kept its cautious 'reduce' stance on Royal Bank of Scotland, with the broker preferring rival Lloyds. The broker estimates RBS's third quarter underlying pre-tax profit was about £1.8bn, which equates to annualised earnings per share of 4.4p and a normalised P/E ratio of 10. RBS has a t
Read moreLondon close: Footsie boosted by US jobs
5th Nov 2010 16:52
Footsie rallied in the afternoon session on the back of better than expected US monthly jobs numbers to register its highest close since June 2008. Non-farm payrolls climbed by 151,000 in October, in spite of an 8,000 reduction in government payrolls, as private employers embarked on a recruiting s
Read moreLondon afternoon: Blue chips perk up
5th Nov 2010 15:00
Footsie has rallied as the afternoon session has progressed with miners making good gains on the back of better than expected US monthly jobs numbers. Vedanta is now the best performer, with silver miner Fresnillo, ENRC and Antofagasta all making good gains. Part-nationalised bank Royal Bank of S
Read moreFTSE 100 movers: Banks head lower
5th Nov 2010 13:21
There was a negative reaction to the bank figures today. Royal Bank of Scotland fell into the red in the third quarter. It recorded a loss before tax of £1,379 million, compared with a profit of £1,157m in the second quarter and a loss of £2,077m in the third quarter of 2009. HSBC warned that the
Read moreLondon midday: Footsie subdued after surge
5th Nov 2010 12:19
Footsie remains slightly adrift following a mixed morning that has seen shares moving in both directions in the wake of yesterday's surge. Part-nationalised bank Royal Bank of Scotland is lower after it fell into the red in the third quarter. After restructuring costs, amortisation of intangibles a
Read moreLondon open: Modest start after yesterday's party
5th Nov 2010 09:00
Footsie has posted more gains but some of yesterday's euphoria has worn off after a mixed day so far for the banks. Part-nationalised bank Royal Bank of Scotland saw a 10% increase in its core operating profit in the third quarter over the preceding one. Core operating profit, excluding fair value
Read moreLondon pre-open: Footsie to top up gains
5th Nov 2010 07:30
More gains are expected for FTSE 100 Friday, capping a strong week for the leading share index. Unusually for a Friday, there is a fair amount of corporate news flow. Part-nationalised bank Royal Bank of Scotland saw a 10% increase in its core operating profit in the third quarter over the precedi
Read moreRBS back in the red after £825m APS charge
5th Nov 2010 07:08
Part-nationalised bank Royal Bank of Scotland saw a 10% increase in its core operating profit in the third quarter over the preceding one. Core operating profit, excluding fair value of own debt (FVOD), climbed to £1,732m. The company took an £858m charge in respect of FVOD. Group operating profit
Read moreWednesday newspaper round-up: US mid-terms, BP, LSE...
3rd Nov 2010 06:34
Republicans have seized control of the US House of Representatives but failed to take the Senate in midterm elections that rank as a crushing setback to President Obama's vision of a reforming presidency, the Times reports. Mr Obama's party suffered its worst defeat in a generation, losing at least
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