FTSE 100 movers: Supermarkets and miners surge, Weir Group lower on profit warning
10th Jun 2015 13:25
Tesco surged on reports it has invited at least six firms including KKR and Carlyle Group to bid for its South Korean unit Homeplus, which is valued at about $6bn. According to people familiar with the matter cited by Reuters, London-based CVC Capital Partners, Hong Kong-based Affinity Equity Partne
Read moreRBS, Barclays among banks downgraded by S&P
10th Jun 2015 08:53
Ratings agency Standard & Poor's downgraded a number of UK and German banks including Barclays, Royal Bank of Scotland, Deutsche Bank and Commerzbank, saying it was uncertain whether their respective governments would bail them out if they ran into difficulties. "We now consider the prospect that th
Read moreUK bank levy change would benefit StanChart the most, says SocGen
8th Jun 2015 09:30
Commenting on a Sunday Times report that George Osborne is to lay the groundwork for a review of the bank levy, Societe Generale said that Standard Chartered was likely to be the biggest beneficiary. SocGen explained that the current method of calculation puts UK banks at a disadvantage when operati
Read moreFTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreRBS is more than a restructuring story, says Jefferies
29th May 2015 12:08
Following a meeting with management on Thursday, Jefferies said it is confident that Royal Bank of Scotland will deliver on its restructuring plans and generate excess capital, improving returns as a result. Jefferies, which rates the stock at 'buy' with a 510p price target, said it was clear that c
Read moreUK to assess impact of RBS proposed sale of Williams & Gyn
28th May 2015 09:20
The UK government said it has instructed competition regulators to assess the impact Royal Bank of Scotland's planned sale of Williams & Glyn would have on the banking sector. The Competition and Markets Authority has been asked to look into the sale as the government wants Williams & Glyn, which ha
Read moreRBS to sell Northern Ireland loan portfolio
27th May 2015 14:36
Royal Bank of Scotland said it has agreed to sell a portfolio of Ulster Bank loans in Northern Ireland to an entity affiliated with Cerberus Capital Management. It said the disposal represented the final material transaction for RBS Capital Resolution (RCR) in Northern Ireland. The bank said that a
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreLondon open: Stocks edge higher ahead of Queen's Speech, Imperial rises
27th May 2015 09:20
UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf
Read moreLondon pre-open: Stocks to rebound slightly after sell-off
27th May 2015 07:50
UK stocks are expected to edge higher on Wednesday morning after a heavy sell-off the previous session, ahead of a quieter day in terms of economic data. City sources predict the FTSE 100 will open around 12 points higher after falling 1.2% on Tuesday to 6,948.99. Consumer confidence surveys will b
Read moreRBS eyes bid for £13bn Northern Rock portfolio
27th May 2015 07:07
Royal Bank of Scotland has emerged as a bidder for part of Granite, which is a £13bn state-owned mortgage portfolio for sale by the UK government. RBS is among a number of prospective bidders who have registered an interest in acquiring Granite - a mortgage securitisation vehicle established by Nort
Read moreLondon close: FTSE plunges 1.2% as winning streak ends on Greek fears
26th May 2015 16:35
Heavy losses in the mining, banking and sectors weighed heavily on UK stock markets on Tuesday, as uncertainty in Greece and mixed economic data from the States hammered risk appetite among investors. The FTSE 100, which had been trading with moderate losses for most of the day, experienced a sell-o
Read moreFTSE 100 movers: Banks and miners weaker, property stocks extend gains
26th May 2015 13:18
UK stocks were were buffeted on Tuesday by Greek uncertainty, stateside interest rate speculation and weakness among miners and financials. As of 14:30 BST, the FTSE 100 was trading 23.5 points lower at 7,008.24. Banking stocks with high eurozone exposure plummeted as Greece concerns merged with Sp
Read moreLondon midday: Banks and oil stocks drag Footsie lower after long weekend
26th May 2015 11:33
Greek uncertainty, interest rate speculation stateside and tonnes of US economic data ahead led to a nervous start in London following the long weekend. The FTSE 100, which settled at a two-week closing high of 7,031.72 on Friday, was down 0.23% at 7,015.37 by Tuesday midday. Concerns that Greece w
Read moreLondon open: Greek fears hit stocks as investors await US data barrage
26th May 2015 08:21
UK stocks slipped on Tuesday morning as investors started a shortened trading week on a cautious note ahead of a raft of economic data from the States. The FTSE 100 was down 0.58% at 6,991.11 early on with stocks in the banking and oil sectors providing a drag. Concerns that Greece will struggle to
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