FTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
Read moreLondon midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreLondon open: Markets slip as Sainsbury falls, Mothercare plummets
8th Jan 2014 08:46
- FTSE 100 pulls back from two-month high - Sainsbury, Mothercare, Majestic fall after updates - Risk events on tap, traders stay cautious techMARK 2,781.79 -0.27% FTSE 100 6,735.41 -0.30% FTSE 250 16,033.22 -0.22% UK stocks pulled back on Wednesday morning ahead of a number of key 'risk events' o
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreFTSE 100 movers: Banks rise on BoE Liabilities Survey
7th Jan 2014 15:53
Ian Gordon at Investec attributed the rally in Lloyds' share price to the Bank of England's Liabilities Survey. He said: "It's not that it contains surprising news, but de facto confirmation of improving capital metrics, improving retail deposits and (significant) declines in funding volumes/requir
Read moreSector movers: Banking stocks rise, Lloyds leads gains
7th Jan 2014 15:48
Banking stocks were the best performers on Tuesday after data showed that funding conditions for British lenders had eased in the fourth quarter of 2013. Stocks in the sector have traded broadly sideways over the past two weeks of so, taking a breather over the festive season. However, Lloyds has
Read moreBritish banks saw funding conditions ease in fourth quarter
7th Jan 2014 14:16
UK banks and building societies reported that their total funding volumes (requirements) fell significantly in the three months to early December, according to the Bank of England´s (BoE) latest Bank Liabilities Survey. That is important because changes in the price, quantity and composition of ban
Read moreRBS to dispose of Chicago-area operations
7th Jan 2014 14:08
The Royal Bank of Scotland has announced its plan to sell some of its Chicago-area operations. The company's Citizens Financial Group will sell its Charter One branches, small business operations and select middle market relationships located in Chicago to US Bancorp. The move is being made to e
Read moreLondon midday: Stocks gain, ECB in focus as inflation eases
7th Jan 2014 11:31
- Eurozone inflation eases to 0.8 per cent - ECB in focus ahead of meeting on Thursday - Banks lift Footsie into positive territory techMARK 2,796.28 +0.14% FTSE 100 6,761.20 +0.45% FTSE 250 16,076.04 +0.17% After a slow start, markets pushed into positive territory by Tuesday lunchtime as an unex
Read moreFriday newspaper round-up: House of Fraser, Natwest/RBS, Facebook...
3rd Jan 2014 07:13
Record Christmas trading at House of Fraser has laid the ground for its flotation before the end of the year, according to its Chief Executive. [...] John King, the department store's Chief Executive, said it had showed investors that there was "robust" consumer demand for its products, with sales i
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreTuesday newspaper round-up: RSA, BP, Hiring plans...
17th Dec 2013 08:21
RSA Group, the embattled insurer, suffered a fresh blow last night when its credit rating was downgraded for the second time in a month by one of the main rating agencies, which branded management at the company as weak. Standard & Poor's cut the rating on the insurer, best known for its More Than b
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreFriday newspaper round-up: US budget, JPMorgan, RBS...
13th Dec 2013 07:23
A US budget deal hailed as lifting the cloud of political dysfunction hanging over the world's largest economy cleared the House of Representatives with overwhelming support on Thursday evening, as leaders of both parties quashed dissent within their ranks. The legislation was passed by a margin of
Read moreRBS fined by US regulators for illegal international transactions
12th Dec 2013 09:16
The Royal Bank of Scotland has been fined 100m dollars by US regulators for illegal transactions with Iran, Sudan, Burma and Cuba. The fine for the violations against US sanctions, which took place between 2005 to 2009, follows a 2010 internal investigation by RBS into its historical US dollar paym
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