Friday newspaper round-up: Greece, Bank of Japan, Airbus
19th Jun 2015 06:47
The Eurogroup meeting of finance ministers in Luxembourg on Thursday ended in disappointment, writes The Telegraph, despite rumours of a €10bn rescue deal for Greece. Dutch finance minister and Eurogroup chair Jeroen Dijsselbloem said "too little measures have been put forward that have been assesse
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreRBS payments glitch a 'serious failure', says MP
17th Jun 2015 15:29
Andrew Tyrie, the Chairman of the Treasury Committee, described as a "serious failure" the glitch that prevented Royal Bank of Scotland customers from receiving their payments overnight. Earlier on Wednesday, the bank said payments including disability living allowance and tax credits, did not enter
Read moreLondon midday: Stocks decline as Greek woes rumble on
17th Jun 2015 11:30
UK stocks declined on Wednesday ahead of a Federal Reserve policy decision, as negative news from Greece continued to weigh on sentiment. Just before noon, the FTSE 100 was trading 0.31% lower at 6,689.07 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. Should the index finis
Read moreRBS admits payments have 'gone missing' overnight
17th Jun 2015 09:44
Royal Bank of Scotland has admitted a number of payments expected by customers have failed to be credited into a number of accounts. The FTSE 100 group said payments including disability living allowance and tax credits did not enter accounts, although the company said it had now identified the caus
Read moreFriday tips round-up: RBS
12th Jun 2015 13:00
According to some investors the state is flogging shares of RBS at too low a price - but such criticism is wide of the mark. The government spent £45bn of taxpayers' money to bail-out the lender. So the stock would need to be priced at approximately 455p a share, versus 360p now, in order to recoup
Read moreFriday newspaper round-up: IAG, OBR, Apple
12th Jun 2015 06:58
The parent company of British Airways is buying up Europe's aviation industry "bite by bite" and should be stopped according to Sir Richard Branson, who has hit out at the proposed takeover of Aer Lingus. In an attack on his larger rival, the chairman of Virgin Atlantic claimed it was "preposterous"
Read moreLondon close: Stocks cut gains after Greek talks stall
11th Jun 2015 16:46
Stocks managed to hold on to their gains at the end of the session despite news the International Monetary Fund had pulled the technical team which was negotiating with Athens in Brussels. RBS was among the best performers in London after the government announced plans to sell down its stake, while
Read moreRoyal Bank of Scotland shares rise on privatisation plan
11th Jun 2015 14:46
Royal Bank of Scotland rose 2% on Thursday on news that the UK government will begin the process of returning shares to private ownership in the coming months. In his Mansion House speech late on Wednesday, Chancellor George Osborne said the government would start selling its £32bn stake in RBS, eve
Read moreFTSE 100 movers: RBS gains on privatisation plans, Sainsbury lifted by upgrade
11th Jun 2015 13:26
London markets were buoyed by positive sentiment from Greece and booming banking and food retail sectors on Thursday afternoon. As of 14:00 BST the FTSE 100 was trading 0.5% higher at 6,864. Royal Bank of Scotland surged as George Osborne announced the government will begin the process of return
Read moreLondon midday: Banks and supermarkets rise as Greek talks intensify
11th Jun 2015 11:23
Decent gains from banking and supermarket stocks helped the FTSE 100 rise on Thursday, as investors showed optimism about continuing talks between Greece and its creditors. RBS was among the best performers in London after the government announced plans to sell down its stake, while Sainsbury's was
Read moreGradual relaxation of the UK bank levy still likely, says Nomura
11th Jun 2015 09:56
Although Chancellor George Osborne was noticeably silent on the matter of the UK bank levy on Wednesday, Nomura still expects to see a gradual relaxation. "With a majority Tory government now in place, we expect a gradual relaxation of the UK bank levy over time," it said. Nomura said it suspects t
Read moreLondon open: FTSE edges higher on latest Greek reports, ahead of US retail sales
11th Jun 2015 08:23
UK stocks were little changed in early trade, but were seen moving marginally higher after initial losses. The FTSE 100 had inched five points higher to 6,835.39 by 09:00. With little out in the way of European data, investors will likely be paying close attention to the situation with Greece follo
Read moreLondon pre-open: Greece continues to be in focus, US retail sales on agenda
11th Jun 2015 07:30
London's blue chips are expected to ignore strong gains seen in the US and Asia overnight, as investors await further details of reports that Germany is weighing up a pay-per-reform deal with Greece. City sources expect the FTSE 100 will start the day around 11 points lower than Wednesday's close of
Read moreGovernment to start selling RBS shares, says Osborne
10th Jun 2015 21:11
George Osborne has announced the government will begin the process of returning Royal Bank of Scotland to private ownership in the "coming months," even though it may cause a loss for taxpayers. Speaking at the annual Mansion House dinner in London's on Wednesday, the Chancellor said shares will be
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