London close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreFTSE 100 movers: Resources companies hold up index
28th Jun 2010 15:27
Mining companies are helping to keep Footsie modestly ahead on the day. Fresnillo, Randgold Resources, Lonmin and Antofagasta are all higher. Recent index entrant Essar Energy is also strong after an initiation note from JPMorgan Cazenove was published with an overwieght rating for the Indian oi
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreLondon Stock Exchange Weighs Listing On Shanghai Exchange
28th Jun 2010 12:45
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London Stock Exchange Group PLC (LSE.LN), which is diversifying and expanding its services beyond Europe, is looking at possibly listing in Shanghai. "We remain open minded on it and we continue to follow developments. I
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read more2nd UPDATE: Standard Chartered 1H Strong,But Recent Wks Weaker
28th Jun 2010 08:17
(Adds finance director and analyst comments and detail.) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Standard Chartered PLC (STAN.LN) said Monday that it had a strong performance in the first half of the year, mostly driven by its consumer banking and wholesale bank
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
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] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jun 2010 08:06
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0706 GMT [Dow Jones] Standard Chartered (STAN.LN) offers a decent trading update, says Shore Capital, largely consistent
Read moreMARKET TALK: Standard Chartered Update Decent; Wholesale Weighs
28th Jun 2010 08:06
0706 GMT [Dow Jones] Standard Chartered (STAN.LN) offers a decent trading update, says Shore Capital, largely consistent with its expectations. Says group underlying income and profits are ahead of the comparable period in 2009, although the 1H performance has been tempered by quieter close to the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:57
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] 0657 GMT [Dow Jones] Standard Chartered's (STAN.LN) preclose statement looks in line with expectations says Liberum Capital.
Read moreMARKET TALK: Standard Chartered Statement In Line - Liberum
28th Jun 2010 07:57
0657 GMT [Dow Jones] Standard Chartered's (STAN.LN) preclose statement looks in line with expectations says Liberum Capital. The brokerage's 1H '10 income forecast of $7.89B tallies with the bank's expectations for flat income in the first six months of the year. Says loan impairments continue to tr
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