London close: Stocks down ahead of Fed, employment data divides
12th Sep 2012 16:32
- Ex-div stocks and miners weigh on Footsie - Germany approves ESM - All eyes turn to the Fed - Dutch elections tonight Following a stint in the blue after Germany's decision to approve the Eurozone rescue fund, the Footsie had sunk firmly into the red by the close with ex-dividend stocks and minin
Read moreFTSE 100 movers: German ruling boosts financials
12th Sep 2012 13:48
UK banking stocks advanced after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mechanism (ESM), with Lloyds, Royal Bank of Scotland, Barclays, Standard Chartered and HSBC were making gains by this afternoon. RBS was also benefiting after Liberum Capital lifte
Read moreLondon midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreHSBC discussing settlement with US regulators
24th Aug 2012 09:49
As US regulators turn up the heat in accusations of international banks that have allegedly laundered funds of sanctioned nations, global lender HSBC appears to be looking for a way out. The bank is apparently in talks with the Manhattan District Attorney to reach a settlement as early as Septembe
Read moreFTSE 100 movers: Xstrata leads decliners on benchmark index
20th Aug 2012 13:31
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding
Read moreLondon midday: Stocks slip as Germany dampens the mood
20th Aug 2012 11:50
- Bundesbank reiterates criticism of ECB bond-buying - ECB considering caps on bond spreads - Xstrata down on concern over Glencore merger After swinging between gains and losses for most of the morning session, the FTSE 100 was trading in the red by Monday lunchtime after Germany's Bundesbank quas
Read moreDeutsche Bank under US investigation for Iran dealings
20th Aug 2012 09:23
After a recent clash with Standard Chartered (StanChart), US regulators are investigating Deutsche Bank and other large global banks for having possibly funnelled billions of dollars through their American branches for countries under sanctions, such as Iran or Sudan, according to law officials clos
Read moreLondon open: Stocks flat early on despite mining weakness
20th Aug 2012 08:42
- Volumes expected to stay low - ECB considering caps on bond spreads - Hopes for Chinese stimulus fade UK stocks opened broadly flat on Monday morning on a quiet day for corporate news as markets remain fixed on developments in the Eurozone and newsflow from China. "Volume remained low last week
Read moreMonday newspaper round-up: Growth, Greece, StanChart
20th Aug 2012 07:04
The Chancellor must consider radical action including spending on infrastructure and abolishing stamp duty to put Britain back on the path to growth, according to some of Britain's leading economists. A series of opinion pieces to feature in The Daily Telegraph this week from economists including Pa
Read moreSunday newspaper round-up: Glencore, Euro, Anglo American
19th Aug 2012 19:21
The Qatari state investment fund has pushed the world's largest merger, between Glencore and Xstrata, to the brink of collapse this weekend after building up a stake nearly large enough to block the deal. Qatar Holding, the financial vehicle of the gas-rich emirate, spent more than 5bn dollars on Xs
Read moreThursday newspaper round-up: StanChart, BoE, Osborne...
16th Aug 2012 06:54
Standard Chartered was attacked by one of the top lawyers in the City last night for agreeing a quick settlement of the money-laundering allegations that threatened to destroy the bank and warned that it could be forced to pay out billions more before it can properly settle the scandal. [...] City
Read moreLondon close: Footsie down on mining weakness
15th Aug 2012 16:54
- MPC hints at further QE - UK jobless rate improves in July - ENRC leads miners lower Stocks held on to early losses on Wednesday afternoon, meaning that the FTSE 100 was trading within a narrow range for most of today's session with heavy falls in the mining sector keeping the index firmly in the
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
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