Standard Chartered Names Papadopoulos Regional CEO Mideast
9th Jun 2010 12:50
DUBAI (Zawya Dow Jones)--Asian focused U.K. bank Standard Chartered PLC (STAN.LN) Wednesday named Christos Papadopoulos as its new Middle East chief executive based in Dubai as it seeks to double revenue from the region in five years. Papadopoulos replaces Shayne Nelson and will report to V. Sha
Read moreMARKET TALK: BarCap Lifts StanChart Target Price To 1610p
9th Jun 2010 09:13
0813 GMT [Dow Jones] Barclays Capital lifts its Standard Chartered (STAN.LN) target price to 1610p from 1570p to reflect the sum of parts valuation. However, BarCap says "although we view access to faster growth markets, balance sheet strength and the potential for a rebalancing between the division
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 09:13
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0813 GMT [Dow Jones] Barclays Capital lifts its Standard Chartered (STAN.LN) target price to 1610p from 1570p to reflect t
Read moreLondon close: Late rally limits losses
21st May 2010 16:32
It was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreLondon afternoon: Footsie sinks below 5,000
21st May 2010 14:24
The FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreFTSE 100 movers: Banks head the slide
21st May 2010 14:15
As Footsie slides below 5,000 it is the banks that are leading it downwards. Lloyds Banking, RBS and Standard Chartered are the worst performing banks. Brewer SABMiller is another of the major losers after yesterday's results and share sales by directors. Chief executive Graham MacKay raised £10
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreFTSE 100 movers: BT gain outweighs financials dip
13th May 2010 14:38
BT dominates the Footsie today as positive reaction to its figures sent the share price more than 10% higher. The reported pre-tax profit of £1.01bn in the year ended March 2010 compared with a loss of £244m last time. In the final quarter, the pre-tax profit was £251m compared to a loss of £1.31b
Read moreLondon midday: BT leads market higher
13th May 2010 12:07
London's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
Read moreThursday newspaper round-up: Prudential, banks, BP
13th May 2010 06:34
Prudential hopes to launch its delayed $21bn (£14bn) rights issue early next week after agreeing to changes to the financing of its propoosed $35.5bn takeover of AIA, the Asian businesses of the stricken US insurer AIG, according to the FT. Britain's giant lenders are facing the threat of extinctio
Read moreLondon close: Deficit narrows
11th May 2010 16:34
Losses halved during the afternoon session as it looked increasingly likely the Liberal Democrats will jump into bed with the Conservative party and form a coalition government. Buyers nibbled at weak miners and banks, down sharply earlier on doubts about the €750bn Eurozone bailout plan. Kazakhmy
Read moreLondon close: Shares roar ahead after euro deal
10th May 2010 16:37
Markets were focused on the European debt crisis situation rather than the continuing political uncertainty here and, with European ministers having agreed a €720bn deal to prop up the euro, shares soared more than 200 points. Banks Barclays, Lloyds and Royal Bank of Scotland (RBS) all racked up do
Read moreSector movers: Banks and miners lead rally
10th May 2010 16:01
Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at the weekend. Barclays, Lloyds and Royal Bank of Scotland (RBS) all rack up double-digit percentage gains with Asia-focused bank Standard Chartered close behind. Market rumours suggest that RBS is
Read moreFTSE 100 movers: Banks propel index higher
10th May 2010 14:48
Footsie is rising on the back of a strong recovery in banks and financials following the €720bn deal to prop up the euro agreed by EU ministers at the weekend. Barclays, Royal Bank of Scotland and Lloyds are the top three performers. Asia-focused bank Standard Chartered is also rising. Vedanta R
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