FTSE 100 movers: Rio Tinto leads miners higher
11th Aug 2014 16:32
The mining sector was performing well with heavyweights such as Rio Tinto, Glencore and Anglo American making gains. Rio was supported by comments from Canaccord Genuity, which repeated its 'buy' rating on the back of the miner's strong free cash flows in the first half. Centrica inched higher desp
Read moreRBS to sell Coutts International
11th Aug 2014 12:50
Royal Bank of Scotland (RBS) is set to sell the international branch of Coutts, its private bank, in a deal thought to be valued at around $1bn (£600m), Reuters news agency said on Monday. RBS's decision will see Coutts split into two separate businesses, with one to be based in Britain and one to
Read moreLondon close: Stocks pare losses despite geopolitical jitters
8th Aug 2014 17:17
- US authorises Iraq airstrikes - Fighting resumes in Gaza - Banks, supermarkets, precious metals limit losses techMARK 2,694.22 -0.58% FTSE 100 6,567.36 -0.45% FTSE 250 15,243.38 +0.02% UK stocks had pared earlier losses by the close of trading although risk-averse traders remained on the sidelin
Read moreFTSE 100 movers: Schroders leads fallers
8th Aug 2014 15:45
Shares in Schroders fell on Friday after the boss of sector peer Aberdeen said that investors were too bullish on UK fund managers. Aberdeen's chief executive Martin Gilbert was quoted as saying that the industry "has over-promised and under-delivered". Consumer products groups were also on the d
Read moreRBS closes turnaround unit
8th Aug 2014 15:42
Royal Bank of Scotland (RBS) has decided to shut down its turnaround division, with the two most senior currently in charge of the department set to leave the bank, Reuters reported on Friday. UK government advisor Lawrence Tomlinson last year accused the division of pushing small businesses to col
Read moreLondon midday: Losses pared but geopolitics still a concern
8th Aug 2014 12:10
- US authorises Iraq airstrikes - Fighting resumes in Gaza - TUI Travel and wider sector tumbles - Banks, supermarkets, precious metals limit losses techMARK 2,684.77 -0.93% FTSE 100 6,559.47 -0.57% FTSE 250 15,185.28 -0.36% UK stocks had pared early losses but were still firmly in the red by Frid
Read moreFriday newspaper round-up: Iraq, Tesco, RBS...
8th Aug 2014 06:45
Barack Obama has authorised targeted air strikes against Islamic militants in Iraq, as the US military began an airborne operation to bring relief to thousands of minority Iraqis driven to a grim, mountain-top refuge. Describing the threats against stranded Yezidi refugees as holding the potential f
Read moreMoody's downgrades outlook for UK banks to 'negative'
5th Aug 2014 11:25
Moody's Investor Service showed a more downbeat stance on UK banks and cut the outlook to 'negative' from 'stable' in a report published on Tuesday. The credit rating agency explained that the downgrade in the outlook reflects the view that the improved operating environment and banks' stable finan
Read moreFTSE 100 movers: Intertek, HSBC lead risers after H1 results
4th Aug 2014 15:27
Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read moreSector movers: UK banking stocks rise after HSBC results
4th Aug 2014 14:45
Banking stocks were leading the risers in London on Monday after investors gave a welcome reception to first-half results from sector heavyweight HSBC. HSBC shares were up 1.5% at 638.7p in afternoon trade despite the company reporting a worse-than-expected 12% fall in half-year profits. The bank
Read moreLondon midday: UK stocks snap three-day decline as HSBC rises
4th Aug 2014 12:12
- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
Read moreRBS puts restrictions on Russian lending
1st Aug 2014 15:23
Royal Bank of Scotland (RBS) said on Friday that it placed restrictions on its lending in Russia after the country was hit with further sanctions. The European Union (EU) has cut off financing for five of Russia's biggest banks over Moscow's intervention in Ukraine. European investors will be fo
Read moreBroker tips: RBS, Tesco, Capita
1st Aug 2014 13:08
Investors should 'sell' shares of Royal Bank of Scotland following the bank's second-quarter results on Friday, according to Investec. The broker highlighted that RBS pre-released a better-than-expected set of second-quarter numbers last week, which sparked "wild euphoria and an 11% one-day spike".
Read moreLondon midday: UK stocks sink 1.4% as investors scale back risk
1st Aug 2014 12:10
- RBS underwhelms with Q2 results - Mining stocks fall as investors scale back risk - Rexam, IAG, Smith & Nephew gain after results - Gaza fighting, US data keeps investors cautious techMARK 2,732.54 -1.17% FTSE 100 6,635.42 -1.41% FTSE 250 15,313.02 -1.18% UK stocks were in the red for the third
Read moreInvestec downgrades RBS to 'sell'
1st Aug 2014 11:31
Investors should 'sell' shares of Royal Bank of Scotland following the bank's second-quarter results on Friday, according to Investec. The broker highlighted that RBS pre-released a better-than-expected set of second-quarter numbers last week, which sparked "wild euphoria and an 11% one-day spike".
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