London afternoon: US jobs data sinks Footsie
2nd Oct 2009 14:05
Footsie has tumbled further below the 5,000 level after a disappointing read on the monthly US jobs numbers. US non-farm payrolls fell a worse than expected 263,000 in September, up from a downwardly revised 201,000 the month before, and compared with the 180,000 expected by economists. The unemp
Read moreLondon midday: Equities nervously lower
2nd Oct 2009 12:05
The Footsie dipped below the 5,000 level this morning as it followed Wall Street lower in the wake of patchy US economic data yesterday. Over here, there was good news for home owners as UK house prices rose for the fifth month in a row in September, according to the Nationwide Building Society. Th
Read moreLondon open: Blue chips follow US lower
2nd Oct 2009 08:49
Footsie has fallen back sharply following the 200 plus point fall for the Dow overnight. Investors will now be eyeing the monthly US non-farm payrolls figure at lunchtime very nervously. UK house prices rose for the fifth month in a row in September, according to the Nationwide Building Society. Th
Read moreLondon pre-open: Footsie to ease near 5,000
2nd Oct 2009 07:40
Footsie is expected to fall close to the 5,000 level as the rally which resulted in a record quarter continues to pull back. Part-nationalised bank Royal Bank of Scotland is beefing up its board with the appointment of two non-executive directors. Aviva group finance director Philip Scott will join
Read moreRBS appoints two non-executive directors
2nd Oct 2009 07:15
Part-nationalised bank Royal Bank of Scotland is beefing up its board with the appointment of two non-executive directors. Aviva group finance director Philip Scott will join the board from 1 November and will assume the position of chairman of a new Risk Committee of the RBS board. Penny Hughes
Read moreFriday newspaper round-up: Anglo American/Xstrata, BAE Systems, Royal Bank of Scotland
2nd Oct 2009 06:19
Anglo American, the mining giant, has applied to the Takeover Panel for a "put up or shut up" order that could block an Xstrata bid for at least six months, The Times has learnt. Sir John Parker, the chairman of Anglo, is understood to have decided that the nil-premium merger proposal made by Xstra
Read moreThursday newspaper round-up: Bankers' bonuses, Northern Rock
1st Oct 2009 05:51
A divide has already emerged between Europe and the US over how to implement new Group of 20 rules on bankers' bonuses, with British banks facing a stricter regime than is likely to apply in the US. The UK government on Wednesday night rushed out a statement trumpeting the agreement of Britain's t
Read moreUK banks agree to limits on bonuses
30th Sep 2009 17:44
The five biggest banks in Britain will enforce the limits on bonuses agreed by world leaders at the G20 summit in Pittsburgh last week, UK chancellor Alistair Darling said today. Barclays, HSBC, Lloyds, RBS and Standard Chartered have all signed up and will hope overseas rivals follow suit. Darlin
Read moreLondon close: Directionless day for FTSE 100
29th Sep 2009 16:52
Footsie finished slightly in the red after another day of flitting between the red and the blue while not showing any real sense of direction. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of Land Securities, SEGRO and Hammerson to shift into reverse
Read moreLondon afternoon: Back to square one
29th Sep 2009 14:34
It's back to square one for the Footsie which is barely changed on the day, with gains on banks and insurers counterbalanced by miners and property stocks. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of Land Securities, SEGRO and Hammerson to shift
Read moreLondon midday: Blue chips still struggling
29th Sep 2009 12:06
Miners and property stocks are keeping Footsie in the red despite the banking and insurance sectors going well. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of British Land, Land Securities, SEGRO and Hammerson to shift into reverse. Credit Suisse's
Read moreLondon open: Dull start for Footsie
29th Sep 2009 08:51
Three-figure gains in the US overnight haven't helped London much with blue chips going lower in early dealings. Property groups are weak with all of the sector heavyweights - British Land, Land Securities and Hammerson - under pressure. Banks are offsetting some of this weakness after the Times
Read moreLondon close: Buoyant US lifts FTSE 100
28th Sep 2009 16:37
Footsie put a sluggish start to the day behind it to post strong gains, helped by buoyant showing on Wall Street. There were contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research fi
Read moreLondon afternoon: Market cements morning's gains
28th Sep 2009 14:15
London made further headway over the lunchtime session, boosted by expectations of a firm opening on Wall Street. There are contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research firm
Read moreLondon midday: Market edges higher despite weak banks
28th Sep 2009 11:59
Leading shares remain mixed, but the Footsie is still in the blue despite weakness from banks and miners. Cash call rumours continue to swirl around the two part-nationalised banks Lloyds Banking and Royal Bank of Scotland while miners are easier despite some upbeat comments from Anglo American bos
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