Standard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreStanChart: India proposes 'fungibility' for IDRs
16th Mar 2012 15:46
The Indian Finance Minister has proposed allowing 'two-way fungibility' for Indian depository receipts (IDRs), boosting the stock of Standard Chartered by as much as 20% in Mumbai on Friday. "Permitting two-way fungibility of the IDRs [could encourage] greater foreign participation in Indian capit
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreLondon open: Financials, miners lead the rise
13th Mar 2012 08:38
- Standard Life, Pru in demand after results - Antofagasta, G4S lead the fallers - BoJ maintains rates, ups asset purchases The Footsie rose strongly on Tuesday helped by some well-received full-year results from insurers and a decent performance by banking and mining stocks as risk appetite increa
Read moreMonday broker round-up
12th Mar 2012 09:51
Aggreko: UBS ups target from 2,400p to 2,500p, buy rating unchanged. AMEC: Societe Generale upgrades from hold to buy, target hiked from 950p to 1,320p. Antofagasta: Oriel Securities downgrades from add to hold, target cut from 1,294p to 1,258p. Ark Therapeutics: Collins Stewart keeps buy recomme
Read moreLondon close: Stocks rebound as Greek debt-swap looms
7th Mar 2012 16:35
-Greek debt-swap participation rate estimated at 58%. -Greek government confident of achieving rate of at least 75%. -Admiral surges after full-year results. London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadlin
Read moreFTSE 100 movers: Ex-div stocks provide a drag, Admiral jumps
7th Mar 2012 15:01
Cigarettes maker British American Tobacco was the heaviest faller after trading without the right to its latest dividend. Irish building materials group CRH and banking giant Standard Chartered were also declining after going ex-dividend. Meanwhile, car insurance giant Admiral soared in to top spot
Read moreLondon midday: Stocks edge higher, markets await Greek debt-swap
7th Mar 2012 11:25
- Admiral jumps 11% as outlook improves. - BATS, CRH, Serco down after going ex-dividend. - Markets await the Greek debt-swap deadline. Following a shaky start, London's FTSE 100 index looked to have found its direction by midday, trading three tenths of a percent point higher following the sell-of
Read moreLondon open: Ex-div stocks offset a surging Admiral
7th Mar 2012 08:34
- Admiral surges 11 percent on full-year results. - Ex-div stocks provide a drag. - Greek debt-swap deadline looms. Following the 2.8 percent tumble over the last three days, the Footsie opened broadly flat on Wednesday ahead of tomorrow's deadline for the Greek debt-swap. A surge in the share pric
Read moreFriday broker round-up - UPDATE
2nd Mar 2012 09:28
Man Group: UBS raises target from 160p to 165p, buy rating unchanged. WPP: UBS ups target from 840p to 920p, buy rating kept. Standard Chartered: AlphaValue downgrades from reduce to sell, price target upped from 1,413.8p to 1,425.9p. IMI: Panmure Gordon keeps buy rating and 1,020p target. Cairn
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreThursday newspaper round-up: BoE, Schaeuble, BSkyB
1st Mar 2012 06:46
German finance minister Wolfgang Schaeuble has sought to lower expectations ahead of Thursday's EU leaders' summit in Brussels, insisting the scale of the permanent Eurozone bail-out fund will not be decided at the meeting. Mr Schaeuble said the size of the new European Stability Mechanism (ESM) wou
Read moreLondon close: Bernanke comments fuel late sell-off
29th Feb 2012 16:27
- Stocks tumble on Bernanke comments. - Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. After trading within a narrow 20-point range for the majority of the day, the FTSE 100 plummeted late on as US Federal Reserve Chairman Ben Bernanke gave some gloomy comments the e
Read moreFTSE 100 movers: ITV is the one to watch
29th Feb 2012 15:03
Terrestrial broadcaster ITV was the one to watch on Wednesday, after seeing its revival continue in 2011, with the group shrugging off concerns about a subdued advertising market to achieve top-line growth and forecast-beating profits. Adjusted profit before tax was comfortably ahead of market expe
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