FTSE 100 movers: Lloyds leads the risers
28th Jan 2014 14:46
Leading the upside was Lloyds Banking Group as the company announced progress with its plan to put it back on track for profitability. In line with a UK government objective of returning the bank to private ownership, it unveiled another round of planned job cuts. Water group Severn Trent continue
Read moreRBS may hurry sale of US arm after profit warning
28th Jan 2014 14:18
Royal Bank of Scotland (RBS) may speed up the sale of its US banking business Citizens after issuing a profit warning, according to market speculation on Tuesday. The state-backed lender on Monday night issued a surprise pre-close trading update in which it revealed it is set to make a £8bn loss in
Read moreBroker tips: RBS, BG Group, Carnival, Greencore
28th Jan 2014 11:32
Following the news that RBS has put aside a further three billion pounds to cover new claims, a large number of analysts have maintained their negative views on the stock, recommending investors to sell the shares ahead of the bank's full-year results next month. Analysts at Citi kept their 'sell'
Read moreLondon midday: Stocks rise as emerging-market turmoil eases
28th Jan 2014 11:31
- Markets rebound from six-week low - UK GDP rises 0.7 per cent in Q4, as expected - US data, FOMC meeting awaited techMARK 2,780.12 +0.66% FTSE 100 6,579.20 +0.44% FTSE 250 15,711.22 +1.18% Data showing the best annual growth in Britain since 2007 gave UK markets a lift on Tuesday, helping stocks
Read moreBroker snap: Analysts wary of downside risks at RBS
28th Jan 2014 09:13
Following the news that RBS has put aside a further three billion pounds to cover new claims, a large number of analysts have maintained their negative views on the stock, recommending investors to sell the shares ahead of the bank's full-year results next month. The new provisions - seen as an att
Read moreLondon open: Stocks inch higher after recent sell-off
28th Jan 2014 08:25
- Markets look ahead to FOMC meeting tomorrow - Turkey in focus as central bank meets - F&C recommends offer to shareholders techMARK 2,771.74 +0.36% FTSE 100 6,574.14 +0.36% FTSE 250 15,697.84 +1.09% UK markets opened slightly higher on Tuesday, although sentiment was still fragile as stocks rebo
Read moreS&P says RBS ratings unaffected by trading update
27th Jan 2014 17:39
The Royal Bank of Scotland's (RBS) long-term credit rating would remain unaffected by the lender's announcement of a further 2.9bn pounds in provisions to account for litigation and conduct related matters, ratings agency Standard&Poor's (S&P) said on Monday evening, following RBS' pre-close trading
Read moreLondon close: FTSE 100 drops 1.7 per cent as sell-off continues
27th Jan 2014 16:45
- BG Group plummets on gloomy guidance - AT&T rules out Vodafone bid - RBS reveals more provisions for new claims - FTSE 100 at lowest since mid-December techMARK 2,761.91 -1.00% FTSE 100 6,550.66 -1.70% FTSE 250 15,528.21 -1.12% UK markets dropped to their lowest levels in nearly six weeks on Mon
Read moreRBS surprises with pre-close trading update
27th Jan 2014 16:39
- Lender announces 2.9bn pounds in additional provisions for claims - Unchanged quarterly forecast for impairments and valuation adjustments - Medium-term capital targets unchanged Royal Bank of Scotland (RBS) has decided to provide 2.87bn pounds to cover various claims and conduct related mat
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
Read moreThursday newspaper round-up: Short-selling, RBS, South Korea
23rd Jan 2014 07:02
Britain has lost a landmark court case against the European Union, cementing a power grab by regulators and delivering a setback for David Cameron's campaign to reclaim powers from Brussels. The European Court of Justice threw out Britain's case "in its entirety" and closed off any avenues for appea
Read moreLondon close: Stocks finish flat amid rate-hike speculation
22nd Jan 2014 17:05
- FTSE 100 fails to break last year's intraday high - Rate hike speculation ramps up as UK unemployment falls - Sage gains after confident outlook - RBS drops after UBS downgrade to 'sell' techMARK 2,847.95 +0.05% FTSE 100 6,826.33 -0.12% FTSE 250 16,147.17 +0.02% The FTSE 100 finished more or les
Read moreFTSE 100 movers: Sage Group jumps after confident update
22nd Jan 2014 15:14
Software company Sage Group rose strongly after it said it is trading in line with expectations, with growth across all regions. The firm expects to meet a target for a 6% increase in revenue in 2015 following impressive results in the period from October 1st to date, according to a trading update
Read moreBroker tips: RBS, Admiral, BHP Billiton
22nd Jan 2014 11:42
Royal Bank of Scotland (RBS) was a heavy faller on the FTSE 100 on Wednesday morning after UBS lowered its recommendation for this stock from 'neutral' to 'sell' and cut its target price from 350p to 300p. The Swiss bank said that RBS's new strategy - with management now focused on business restruc
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
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