ADR REPORT: Shares Close Mixed Despite Strong Earnings Reports
27th Jul 2010 21:57
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed little changed Tuesday as a weak consumer-confidence reading offset a strong round of corporate earnings. The Bank of New York index of ADRs closed up 0.4% to 126.32. The f
Read more2nd UPDATE: UK Accounts Buy 99% Of GBP6B 2040 Gilt Linker
27th Jul 2010 17:14
(Adds comment, details) By Michael Wilson and Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ninety-nine percent of the GBP6 billion, 0.625% index-linked gilts sold by the U.K. Debt Management Office Tuesday were bought by U.K. accounts, according to the DMO. Robert Stheeman
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read moreFTSE 100 movers: Banks higher on European results
27th Jul 2010 16:28
Banks are leading the market higher after good results from their European counterpart UBS. Barclays, Lloyds and Royal Bank of Scotland are the top three risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn Swiss francs last time. That was
Read moreUPDATE: UK GBP6.0 Bln 2040 0.625% Linker Tap Prices At 89.914
27th Jul 2010 15:43
(Adds details) By Michael Wilson and Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ninety-nine percent of the GBP6 billion, 0.625% index-linked gilts sold by the U.K. Debt Management Office Tuesday were bought by U.K. accounts, according to the DMO. Robert Stheeman, the Chi
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreLondon midday: Shares edge higher
27th Jul 2010 11:56
London's blue chips are still edging higher, with banks leading the way after Swiss peer UBS beat earnings estimates. Barclays, Lloyds and Royal Bank of Scotland are the top risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn francs last tim
Read moreSector movers: UBS numbers buoy banks
27th Jul 2010 11:39
Banks are buoyant after strong second quarter results from Swiss sector giant UBS. UBS swung to a forecast-beating second-quarter net profit. Net profit came to 2bn Swiss francs from a loss of 1.4bn francs last time. That was well above expectations for a 1.26bn francs profit. Revenue jumped 59% to
Read more2nd UPDATE: UK 2040 Linker Tap Size Set At GBP6.0 Billion
27th Jul 2010 10:58
(Adds size, order books.) By Art Patnaude and Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. has set the final size on the syndicated tap of its 0.625% inflation-linked bond at GBP6 billion, bringing the total size of the issue to GBP9.5 billion, one of the banks running
Read moreUPDATE: UK 2040 Linker Tap To Price Flat To November 2037 UKTI
27th Jul 2010 10:12
(Adds guidance, order book size.) By Mark Brown and Art Patnaude, Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. has set price guidance on its planned syndicated tap of its 0.625% inflation-linked bond, one of the banks running the sale said Tuesday. The tap will price flat to
Read moreMARKET TALK: UK Banks Jump On Basel 3 Watered-Down Rules
27th Jul 2010 10:05
0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Lloyds Banking (LYG) and Barclays (BCS) particularly gaining from new requirements that will see both being able to recognize some minority interest capital as Tier 1 capital. Credi
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 10:05
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Llo
Read moreUK 2040 Inflation-Linked Bond Tap Guidance Nov 2037 UKTI +0-0.02
27th Jul 2010 09:05
LONDON (Dow Jones)--The U.K. has set price guidance on its planned syndicated tap of its 0.625% inflation-linked bond, one of the banks running the sale said Tuesday. The tap will price with a spread of between zero and two basis points over the 1.125% linker maturing November 2037. Order bo
Read moreLondon open: Strong start for blue chips
27th Jul 2010 08:49
Footsie is making good gains in early trading, though BP, the big story this morning, has not joined in as yet. The oil giant BP confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley. The group also unveiled a $
Read moreLondon close: US gives Footsie a lift
26th Jul 2010 16:42
Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
Read more