London afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreLondon midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreLondon open: Steady opening for blue chips
30th Jun 2010 08:56
London has stabilised after the pounding for share prices on both sides of the Atlantic. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling cholesterol-lowering drug Crestor. BP is a
Read moreUPDATE: Standard Chartered To Invest $500M In AgBank's IPO
30th Jun 2010 08:55
(Adds detail.) By Kaveri Niththyananthan and Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Standard Chartered PLC (STAN.LN) on Wednesday confirmed that it will invest $500 million in Agricultural Bank of China Ltd.'s (601288.SH) floatation in Hong Kong, as it strengthens i
Read moreMARKET TALK: StanChart's AgBank Investment Unlikely Big Boost
30th Jun 2010 08:35
0735 GMT [Dow Jones] Any benefits, either on capital appreciation or strategic cooperation, for Standard Chartered (2888.HK) from investment in Agricultural Bank of China (1288.HK) unlikely to be significant, as least in short term, stock unlikely to react too much to news emerging market-focused le
Read moreMARKET TALK: StanChart Investment In ABC IPO "Expected"
30th Jun 2010 08:09
0709 GMT [Dow Jones] Standard Chartered's (STAN.LN) $500M investment in Agricultural Bank of China's (601288.SH) initial public offering in Hong Kong is very much expected and was previously flagged, says an analyst. The investment follows a recent agreement between the companies to develop new bus
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jun 2010 08:09
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0709 GMT [Dow Jones] Standard Chartered's (STAN.LN) $500M investment in Agricultural Bank of China's (601288.SH) initial pub
Read moreStandard Chartered To Invest $500M In AgBank's IPO
30th Jun 2010 07:57
By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-listed Standard Chartered PLC (STAN.LN) said Wednesday that its Standard Chartered Bank will invest $500 million in Agricultural Bank of China Ltd.'s (601288.SH) floatation in Hong Kong, as it strengthens its positio
Read moreLondon pre-open: Small gains ahead
30th Jun 2010 07:36
London's top stocks are expected to open only slightly higher following yesterday's heavy losses. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes on Tuesday. Today, traders e
Read moreStandard Chartered takes stake in Chinese bank
30th Jun 2010 07:14
Asia-focused bank Standard Chartered is to be the cornerstone investor in the Agricultural Bank of China. The bank is buying $500m of the H shares being floated by Agricultural Bank of China, one of the top four commercial banks in China. The funds will come from Standard Chartered's internal resou
Read moreStandard Chartered To Invest $500M In Agricultural Bank Of China IPO
30th Jun 2010 07:07
LONDON (Dow Jones)--Standard Chartered PLC (STAN.LN) said Wednesday that Standard Chartered Bank will invest $500 million as a cornerstone investor in Agricultural Bank of China Limited's H-Share Initial Public Offering in Hong Kong. MAIN FACTS: -The two banks recently signed an agreement to
Read moreBroker tips: Carpetright, Standard Chartered, Clarity
29th Jun 2010 12:36
The share price of Carpetright had the rug pulled out from under it on Tuesday morning after full year results and the dividend came in below expectations, but Singer Capital Markets thinks the main worry for the share price is the prospect of another housing slump. "In the short term we believe th
Read moreBroker snap: StanChart preferred to HSBC
29th Jun 2010 08:59
Standard Chartered's recent trading statement indicated weaker revenue and cost trends than Nomura Securities was expecting but the broker continues to prefer the stock to fellow Asia-focused bank HSBC. Nomura said the underperformance was largely due to the normalisation of strong account income w
Read moreTuesday tips round-up: Premier Oil, Connaught, UBM
29th Jun 2010 06:48
The Catcher oil field in the North Sea could be one of the best finds in the region in recent years, and comes just as UK production is declining. As the 35% owner of this prospect, Premier Oil is in a good position to benefit from the rich resources of the formation, which is thought to hold up t
Read moreMARKET TALK: StanChart +1.7% Pre-Open; GS Keeps Conviction Buy
29th Jun 2010 02:47
0147 GMT [Dow Jones] At pre-open, Standard Chartered (2888.HK) indicated +1.7% at HK$202.40, in short term likely range-bound around psychological HK$200, with tone of interim trading statement (out lunch time Monday) strong but flagged. Goldman Sachs says overall guidance in line with estimates, wi
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