Monday newspaper round-up: Basel requirements, Rolls-Royce, Anglo American...
7th Jan 2013 07:02
The heads of the world's top regulators and central banks yesterday approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also rel
Read moreSunday newspaper round-up: RBS, Britain´s AAA, Centrica
6th Jan 2013 21:13
JC Flowers, headed by former Goldman Sachs banker Chris Flowers, is planning an ambitious move into the banking mainstream. It has teamed up with Apollo, one of the world´s largest buy-out houses, to bid for 316 Royal Bank of Scotland branches put back up for sale in October after a proposed deal wi
Read moreSunday share tips: Anglo American, Rolls Royce
6th Jan 2013 20:52
Two major catalysts for share-price performance are looming for embattled miner Anglo American. These are a final update on the expected cost implications at Minas-Rio and, most importantly, its platinum bussiness review. This has prompted The Sunday Telegraph´s Questor team to move to a buy stance
Read moreLondon close: Stocks rally after US data
4th Jan 2013 16:42
- Footsie closes at highest level in nearly two years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government London's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 g
Read moreFTSE 100 movers: BP is strongest riser after Transocean accepts fine
4th Jan 2013 15:08
BP, which rose early on following news the company which loaned it the Deepwater Horizon rig back in 2010 had agreed a 1.4bn dollar settlement for the part it played in the gulf of Mexico oil spill that followed the fatal explosion of the rig. Speaking of Transocean's settlement, BP said: 'In settli
Read moreLondon midday: Markets cautious ahead of US jobs data
4th Jan 2013 11:39
Stocks were trading broadly flat on Friday morning with just 10 points separating the FTSE 100's intraday low and high, with markets showing caution ahead of the US employment report out in the next few hours. The Footsie began today's session in the red as investors digested last night's release o
Read moreLondon open: Stocks pull back after FOMC minutes
4th Jan 2013 08:20
Following a 150-point surge over the last two days, the FTSE 100 pulled back in early trading on Friday following the release of the minutes of the latest Federal Reserve meeting last night. While there was a clear majority in favour of further asset purchases (the third round of quantitative easin
Read moreLondon pre-open: FTSE to track US stocks slightly lower
4th Jan 2013 07:29
City sources predict the FTSE 100 will open down six points from yesterday's close of 6,047, tracking modest declines seen in the US overnight following the release of minutes from the Federal Reserve's December policy meeting. During the meeting policy-makers indicated that they believed the bond
Read moreRolls-Royce wins 52m-dollar engine contract with US forces
4th Jan 2013 07:09
Power systems giant Rolls-Royce is to provide repair and support services for aircraft engines operated by the US Marine Corps and Air Force as part of a contract worth 52.2m dollars. From the company's facilities in Indianapolis, Indiana, and Oakland, California, as well as fleet support at custom
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreLondon midday: G4S leads markets higher
18th Dec 2012 11:27
- Stocks advance on 'fiscal cliff' hopes - Miners track metal prices higher - G4S up on renewed confidence A decent performance by G4S and the mining sector ensured that the FTSE 100 remained firmly in positive territory on Tuesday morning, with hopes over the US budget talks driving risk appetite.
Read moreLondon open: 'Fiscal cliff' hopes drive stocks early on
18th Dec 2012 08:30
The FTSE 100 opened strongly on Tuesday morning on the back of increasing optimism that US President Barack Obama and House Speaker John Boehner will be able to strike a deal by the end of the year to avert the 'fiscal cliff'. Without a deal by the January 1st deadline, the $600bn in automatic spen
Read moreRolls-Royce secures one billion-dollar contract with Japanese airline Skymark
18th Dec 2012 07:17
Rolls-Royce has signed a one billion-dollar contract, at list prices, with Japan's Skymark Airlines for Trent 900 engines to power six Airbus A380 aircraft. The Trent 900 order, which follows the announcement of a letter of intent for the engines in September 2011, includes long-term TotalCare serv
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 100 movers: Aggreko plummets on cautious outlook
17th Dec 2012 15:23
Temporary power and temperature control solutions group Aggreko plummeted on Monday after giving a gloomy outlook for next year, saying that its performance would likely be lower than the 2012. Investec downgraded its rating for the stock from 'buy' to 'hold' this morning, after the company said t
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