London close: Referendum jitters weigh on stocks
9th Sep 2014 18:20
London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r
Read moreLondon midday: Stocks inch lower on Scottish vote concerns
9th Sep 2014 11:45
UK stocks fell for the third straight day on Tuesday as uncertainty caused by the upcoming Scottish referendum and geopolitcal tensions in eastern Europe dampened risk appetite. The FTSE 100 was 0.1% lower at 6,829 by midday, though it traded within a narrow range for most of the morning. Equity ma
Read moreLondon open: Subdued start as markets await UK data
9th Sep 2014 08:39
UK stocks were trading slightly lower on Tuesday morning as investors prepared for a raft of economic data on the British economy. The FTSE 100 was 0.1% lower at 6,830 in early deals, trading in the red for the third straight day. Stocks came under pressure on Monday on the back of growing support
Read moreFTSE 100 movers: AB Foods continues to feel impact of lower sugar prices, FX
8th Sep 2014 15:01
Food, ingredients and retail group Associated British Foods was a big faller despite reiterating its guidance for profit growth in the year to 13 September despite the continued impact of lower sugar prices and currency movements. AB Foods said that strong profit performances from the Primark and gr
Read moreRoyal Bank of Scotland launches Citizens float
8th Sep 2014 12:43
The Royal Bank of Scotland has launched the initial public offering of its US subsidiary Citizens Financial Group. Majority state-owned RBS plans to sell 25% or 140m shares in Citizens at between $23 and $25. RBS has also granted a 30-day over-allotment option of up to an extra 21m shares. Chief ex
Read moreLondon midday: UK stocks sink on fears over Scottish referendum, Ukraine
8th Sep 2014 11:36
Concerns surrounding the upcoming referendum on Scottish independence and a fragile ceasefire agreement in Ukraine were weighing heavily on UK stocks on Monday. London's FTSE 100 was trading down 1% at 6,789 by midday. The index has not closed below the 6,800 mark since 22 August when it settled at
Read moreLondon open: AB Foods leads UK stocks lower early on
8th Sep 2014 08:29
UK stocks fell on Monday morning on the back of uncertainty surrounding the ceasefire in Ukraine and the Scottish referendum. The FTSE 100 was trading 0.3% lower at 6,834 in early trading, with Associated British Foods leading the fallers after an underwhelming pre-close update. Markets were in the
Read moreFTSE 100 movers: BP recovers after yesterday's slump
5th Sep 2014 15:31
BP regained some of Thursday's heavy losses which came after it was found negligent in the 2010 Gulf of Mexico disaster. Oil and gas group Tullow Oil rose slightly on the news that is to sell its interests in two blocks offshore Netherlands for €62.7m (£50m) as it continues to shed off its gas asset
Read moreBroker tips: RBS, BP, Capita
5th Sep 2014 13:10
Berenberg has hiked its target price for Royal Bank of Scotland from 210p to 250p but has kept a 'sell' rating, saying that it remains "unconvinced on the core profitability of the franchise". In a research report on Friday, the broker said: "We believe the shares are expensive considering the legac
Read moreRBS at risk from legacy issues and Scottish independence, says Berenberg
5th Sep 2014 09:55
Berenberg has hiked its target price for Royal Bank of Scotland (RBS) from 210p to 250p but has kept a 'sell' rating, saying that it remains "unconvinced on the core profitability of the franchise". In a research report on Friday, the broker said: "We believe the shares are expensive considering the
Read moreLondon open: Stocks fall as investors turn cautious ahead of US non-farm payrolls
5th Sep 2014 08:28
The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreWednesday newspaper round-up: ISIS, Ukraine, Scottish independence...
3rd Sep 2014 06:58
Militants from the Islamic State of Iraq and the Levant (Isis) released a video tonight claiming to show the beheading of American journalist Steven Sotloff and threatening a British hostage with a similar fate if the US continues air strikes against its forces. - The Independent Ukraine could need
Read moreLondon close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreFTSE 100 movers: Weir upgraded, mining stocks gain
2nd Sep 2014 14:21
Engineering firm Weir Group was a high riser on Tuesday after Credit Suisse upgraded the shares from 'neutral' to 'outperform' and hiked its target price from 2,540p to 3,060p. The bank said that the stock offers "a better relative risk return profile" near term than sector peer IMI which it downgra
Read moreLloyds: The most complained about bank in Britain
2nd Sep 2014 13:20
Figures released on Tuesday showed that Lloyds was the most complained about bank in the first half of 2014. The financial ombudsman, the authority which is in charge of settling disputes between lenders and their customers, received just over 190,000 complaints between 1 January and 30 June, with
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