Sector 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
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon close: Greece pulls Footsie down again
6th May 2010 16:43
Footsie ended the day sharply lower as Greece's problems reared up again and investors fretted about the outcome of today's election. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-foc
Read moreFTSE 100 movers: Banks lead market down
6th May 2010 15:33
Banks are leading Footsie downwards after ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, Lloyds, HSBC and even Asia-focused Standard Chartered fell sharply after Moody's said banks in the UK, as well as in Ireland, Italy, Portu
Read moreLondon afternoon: Banks throw a Moody
6th May 2010 14:16
Footsie's morning gains evaporated over the lunch time session as fears over the debt crisis spreading from Greece reared up again. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-focus
Read moreBroker tips: WPP, Standard Chartered, Barclays
4th May 2010 12:58
Panmure Gordon has raised its target price for advertising giant WPP Group though its praise for the group's first quarter performance could not be described as gushing. Panmure Gordon rated the first quarter showing as no more than "reasonable", with the key positives from the update being upgrade
Read moreBroker snap: Positive trading update from Standard Chartered
4th May 2010 12:56
Standard Chartered is Charles Stanley's favoured stock in the UK banking sector, a view that will only have been reinforced by Tuesday's morning's upbeat trading statement. "This was another positive trading update from Standard Chartered who, despite margin pressure, has enjoyed a strong start to
Read moreLondon midday: BP and miners drag index down
4th May 2010 11:55
Oil and mining stocks have pulled down Footsie this morning with hefty losses for the heavyweights in both sectors. BP is down heavily as the oil leak in the Gulf of Mexico shows no sign of abating. It has denied responsibility for the rig explosion that caused the problems, but expects to meet the
Read moreLondon open: BP drags market lower
4th May 2010 08:47
London has fallen in early dealings with resources stocks under pressure from the Gulf of Mexico disaster and a new Australian tax. BP is down heavily following falls on Wall Street yesterday. It has denied responsibility for the rig explosion that caused the problems, but expects to meet the clean
Read moreLondon pre-open: Flat start to week
4th May 2010 07:36
London is expected to open little changed Tuesday as investors analyse details of the bail-out package for Greece agreed at the weekend. The Greeks will receive a €110bn loan package over three years, with €80bn of that coming from the EU and the rest from the International Monetary Fund. In return
Read moreStandard Chartered off to a flyer
4th May 2010 07:20
Emerging markets focused bank Standard Chartered said it has made a very strong start to 2010, with income and profit both higher than in the first quarter of 2009. The group said there has been an improved balance between the two sides of the business with Consumer Banking playing catch-up on the
Read moreStandard Chartered buys Barclays' African custody arm
27th Apr 2010 14:40
Standard Chartered has agreed to buy Barclays' custody business in Africa for an undisclosed sum. The sale is expected to be completed in 2010, subject to regulatory approvals and other customary conditions. Barclays African custody business had gross assets of £1.9m and assets under custody of £3
Read moreSunday tips round-up: Standard Chartered, Experian, Primary Health
18th Apr 2010 11:51
The Sunday Telegraph's Questor column says banking group Standard Chartered is well placed for growth thanks to its focus on emerging markets, where the demographics are most favourable. It is in these areas where most of the population growth that is estimated to happen over the next few decades
Read moreStandard Chartered files for India listing
30th Mar 2010 07:52
Standard Chartered is moving forward its plans to list in India with the publication of a draft prospectus for an issue of Indian Depository Receipts representing underlying new ordinary shares in the company. The company today filed a Draft Red Herring Prospectus with the Securities and Exchange
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