London close: Footsie comes off highs
19th Mar 2010 16:37
Footsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin
Read moreLondon afternoon: Footsie at 21 month high
19th Mar 2010 14:08
Footsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreLondon midday: Defensives left behind
19th Mar 2010 12:10
Risers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
Read moreLondon open: Lloyds fires Footsie higher
19th Mar 2010 08:45
London's top stocks have started strongly after the Dow posted its eighth day of gains and Lloyds Banking predicted a profit this year. Part-nationalised lender Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead
Read moreLondon pre-open: Shares seen higher
19th Mar 2010 07:36
London's top stocks look set to start the last trading day of the week on a positive note, with traders expecting Footsie to add about 10 points early on. Part-nationalised lender Lloyds Banking will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday.
Read moreRio, Chinalco ink JV for Simandou project
19th Mar 2010 07:01
Miner Rio Tinto and Chinese-run aluminium firm Chinalco have signed a memorandum of understanding (MoU) to establish a joint venture covering the development and operation of the Simandou iron ore project in Guinea. The deal is the latest sign that the two companies have patched up the differences
Read moreDeparting Serco chairman sells most of his stake
18th Mar 2010 16:37
Departing chairman Kevin Beeston has sold nearly all his remaining shares in outsourcing group Serco. Alastair Lyons will take up the chairmanship of the company after the Annual General Meeting on 11 May. Lyons has been non-executive chairman of Admiral Group since 2000. Beeston's departure mark
Read moreChina and Australia exchange warnings over Rio trial
18th Mar 2010 13:13
China has warned Rio Tinto against politicising the trial of four Rio Tinto executives, which is due to start on Monday. The warning came after Australian Prime Minister Kevin Rudd said the 'world will be watching how this particular court case is conducted' and foreign minister Stephen Smith compl
Read moreThursday newspaper round-up: UBS, British Airways, ITV
18th Mar 2010 06:15
Four banks were charged with fraud on Wednesday for their roles in a €1.7bn ($2.3bn) financing package for the Italian city of Milan in a case that will fuel the global debate about the use of complex derivatives. UBS, JP Morgan Chase, Deutsche Bank and Germany's Depfa will face trial in Milan aft
Read moreLondon close: Gains pared at the close
17th Mar 2010 16:48
London's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreLondon afternoon: Brokers in miners disagreement
17th Mar 2010 14:29
A firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreWednesday paper round-up: US rates, Shell, Honda
17th Mar 2010 06:38
The dollar fell yesterday after the Federal Reserve repeated its pledge to keep interest rates low for a long period and the White House warned that American unemployment was likely to remain high for some time. A statement from the central bank's rate-setting committee was generally more positive
Read moreRio and Chinalco make up and sign up
16th Mar 2010 11:40
Miner Rio Tinto and Chinese-run aluminium firm Chinalco have seemingly patched up the differences caused by last year's collapse of their planned tie-up and are set to agree a $12bn joint venture in Guinea. The news comes just a day after China officially exonerated Rio from any blame for the break
Read moreLondon midday: London lethargy lingers
15th Mar 2010 12:10
With the glut of end-2009 results announcements out of the way London looks in the mood to put its feet up and take a rest. In terms of hard news relating to FTSE 100 companies that is restricted to distribution group Bunzl and mining stock Rio Tinto. Distribution and outsourcing group Bunzl has
Read moreLondon open: Footsie drifts lower
15th Mar 2010 08:48
It's a quiet start for Footsie with little company news and buyers again largely sitting on the sidelines. British Telecom and Cable & Wireless are pushing on helping to offset a dull morning for the miners. Xstrata, Vedanta and Kazakhmys are the worst affected. BSkyB is down after Friday's excite
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