FTSE 100 movers: Capita leads as RBS sinks
27th Feb 2014 15:06
Outsourcing specialist Capita led the upside after it said it had won 588m pounds-worth of new contracts so far in 2014, as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full-year. Revenues rose 15 per cent to 3.85bn pounds and operating profits increased to 516m pounds from 3
Read moreLondon midday: Shares in decline after busy morning, RBS sinks
27th Feb 2014 11:23
- FTSE down 47.55 points at 6,751.60 - Ongoing protests in Ukraine - Eurozone confidence beats consensus techMARK 2,883.75 -0.54% FTSE 100 6,744.70 -0.80% FTSE 250 16,392.95 -0.48% Stocks registered a sharp decline by lunchtime, as investor sentiment was dampened by unimpressive reports out from R
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreLondon open: FTSE edges higher as investors weigh results, Eurozone data
27th Feb 2014 08:24
- FTSE opens marginally higher - Strong results from Capita, Whitbread - German jobless rate steady at 6.8 per cent techMARK 2,896.69 -0.10% FTSE 100 6,803.69 +0.07% FTSE 250 16,484.09 +0.08% The FTSE inched into positive territory this morning as strong results from Capita and an upbeat outlook f
Read moreLondon pre-open: FTSE to move lower ahead of busy session, RBS in focus
27th Feb 2014 07:16
- Focus on RBS results - Modest gains in both US and Asia - Heavy corporate results calendar The FTSE is set to begin today's session slightly lower ahead of what is expected to be a busy few hours of releases and company results. City sources predict the FTSE 100 will open six points lower tha
Read moreRBS posts biggest annual loss since 2008 - UPDATE
27th Feb 2014 07:08
- Operating losses before tax greater than expected - Cost cutting plan in place - Bonus payments necessary to retain talent Royal Bank of Scotland (RBS) has launched a turnaround plan to regain the trust of customers and investors after posting its worst annual loss since its government bailout in
Read moreThursday newspaper round-up: RBS, Flotations, ITV
27th Feb 2014 06:59
Political pressure is growing on George Osborne to rein in pay at Royal Bank of Scotland as the taxpayer-controlled bank prepares to grant more than 500m pounds of bonuses while reporting an annual loss of as much as 8bn pounds and sacking thousands of staff. The bank's total bonus pay-out will be l
Read moreRBS to sell remaining stake in Direct Line
26th Feb 2014 17:35
The Royal Bank of Scotland announced its intention to sell its remaining 28.2 per cent interest in Direct Line Insurance through a placing with institutional investors. The offering was to comprise 423.2m ordinary shares, with the price to be determined by means of an accelerated book-building proc
Read moreThursday preview: Yellen, US and Eurozone data, RBS finals
26th Feb 2014 14:48
All eyes will be on Federal Reserve Chair Janet Yellen on Thursday when she testifies before the Senate on monetary policy and the economy. Yellen has indicated that the Fed will probably continue to scale back monthly asset purchases at each policy meeting until ending it all together later this y
Read moreSunday newspaper round-up: RSA, RBS, BSkyB
23rd Feb 2014 14:15
Stephen Hester, the new Chief Executive of RSA Insurance, is preparing an 800m pounds rights issue to strengthen the company's balance sheet, the Sunday Times said. Hester, who joined RSA three weeks ago, is expected to announce the capital raising with annual results on February 27th. The fundraisi
Read moreFTSE 100 movers: BAE recovers after sharp declines
21st Feb 2014 14:26
BAE Systems was regaining some of yesterday's heavy losses, rising into the stop spot by this afternoon. The group suffered a sharp decline on Thursday after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending, and despite reporting a three per c
Read moreBroker tips: RBS, IHG, Glencore Xstrata, Smiths Group
21st Feb 2014 12:42
Numis Securities has reiterated its 'add' rating and 374p target price for banking group RBS ahead of its 2013 results next week. The results, which are due out February 27th, are expected to see the bank report a statutory loss of £7.2bn, which includes the £4.5bn upfront provision for the new 'In
Read moreLondon midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreNumis previews RBS results and new strategy
21st Feb 2014 10:00
Numis Securities has reiterated its 'add' rating and 374p target price for banking group RBS ahead of its 2013 results next week. RBS was making headlines on Friday after the Financial Times previewed its upcoming strategy update, saying that the bank is planning a "dramatic retrenchment". The pa
Read moreLondon open: Stocks at one-month high as Vodafone, RBS gain
21st Feb 2014 08:47
- Vodafone, RBS and Glaxo provide a lift - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest intraday level in month techMARK 2,891.98 +0.55% FTSE 100 6,840.31 +0.40% FTSE 250 16,419.58 +0.31% Strong gains from heavyweights Vodafone, RBS and GlaxoSmithKline gave UK markets a boost on
Read more