London pre-open: Footsie to start higher
28th Jun 2010 07:38
City traders won't want a repeat of last week when the FTSE 100 lost over 200 points, and the omens are good as the leading index reacts to movements on Wall Street Friday. London is seen up around 19 points early Monday as the Dow Jones closed ahead of where it was when the City packed up at the e
Read moreMARKET TALK: Standard Chartered 1H Results Positive - Oriel
28th Jun 2010 07:28
0628 GMT [Dow Jones] Standard Chartered PLC (STAN.LN) first-half of 2010 trading update "overall positive," mostly driven by good consumer banking income growth and wholesale client activities, says Oriel Securities analyst Mike Trippitt. "There are negatives, however, including that weaker market s
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:28
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] 0628 GMT [Dow Jones] Standard Chartered PLC (STAN.LN) first-half of 2010 trading update "overall positive," mostly driven by
Read moreUPDATE:Standard Chartered 1H 'Strong'; Income Flat Vs Year-Ago
28th Jun 2010 07:21
(Adds 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 banking client businesses. Income in the f
Read moreMARKET TALK: StanChart's Update Strong But Likely Priced In
28th Jun 2010 07:11
0611 GMT [Dow Jones] Standard Chartered's (2888.HK) interim trading update out lunch time mostly continues 1Q10 trends, stock likely won't react much in afternoon; shares +0.7% at HK$205.80 at interval. Emerging markets-focused lender says it had strong performance in 1H10, driven by both consumer b
Read moreStandard Chartered set for strong half
28th Jun 2010 07:07
Emerging markets-focused bank Standard Chartered is on course for a strong performance in the first half of 2010 as economic conditions in its markets improve. As at the end of May income and profit were ahead of the comparable period in 2009, excluding the gain of US$248m generated from the buybac
Read moreStandard Chartered 1H 'Strong'; Income Flat Vs Year-Ago
28th Jun 2010 06:53
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 banking client businesses. Income in the first six months of t
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreFTSE 100 movers: Miners continue decline
25th Jun 2010 14:40
Mining companies are continuing their decline today. They are dominating the fallers for a second day as base metals prices fall and there are concerns about the international recovery. ENRC and Kazakhmys remain the worst performers. BP is another regular in the poor performers. Nomura Securitie
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreWeek Ahead: Standard Chartered, Debenhams, HMV
25th Jun 2010 11:17
Hot on the heels of the release on Friday of the Bank of England's financial stability report and less than a week after the emergency Budget, emerging markets focused bank Standard Chartered releases a trading statement on Monday. It will be the first bank to report since the chancellor of the ex
Read moreMARKET TALK: Basel Adjustments Particularly Good For UK Banks
25th Jun 2010 10:51
0951 GMT [Dow Jones] Reports of adjustments to Basel III proposals would be particularly positive for UK banks, says Deutsche Bank. Notes reports that the Bank for International Settlements could be dropping its proposals for the net stable funding ratio at the G20 meeting, and that pension deficit
Read moreMARKET TALK: UK Bank Stocks Rise; Basel III In Focus
25th Jun 2010 09:16
0816 GMT [Dow Jones] Bank stocks lead the gains in London as speculation rises that the Basel Committee will present a modified version of Basel III at the G20 meeting, this weekend. Traders note reports that the document is likely to present watered down proposals. Commenting on the speculation, E
Read moreLondon open: Healthy start for blue chips
25th Jun 2010 08:56
London has shrugged off Dow Jones' triple-digit fall overnight and made decent headway this morning. Banks are higher after a jam-packed financial stability report from the Bank of England that covered everything from savings ratios to the threat of the eurozone. The market sems to have focused on
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