London close: Footsie bounces after morning sell-off
9th Aug 2011 16:45
Following another steep decline in early trading, the Footsie clawed its way back, surging nearly 400 points since the mid-morning to finish 1.89% higher. The blue chip index closed up 96 points. All eyes are on the Federal Reserve's monetary policy meeting, with markets eagerly waiting to hear of
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreLondon midday: FTSE 100 passes 6,000 points
4th Jul 2011 12:05
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a "selective d
Read moreLondon open: Footsie struggling to pass 6,000
4th Jul 2011 08:33
The top share index has got off to an indecisive start, edging higher but failing to breach the 6,000 point barrier. Among the risers is Essar Energy, the India-focused integrated energy company. It said the general meeting to rubber stamp its proposed acquisition of the oil refinery and other asso
Read moreLondon close: Rally continues as Greek fears ease
30th Jun 2011 16:38
The rally continued Thursday, helping the top share index move back towards the 6,000 point mark it had been flitting around from the beginning of the year until the escalation of the Greek debt crisis. The Greek parliament's second vote on the proposed new austerity measures provided further chee
Read moreSector movers: Lloyds lifts banks, Petrofac weighs on oil services
30th Jun 2011 14:14
Banking giant Lloyds rose nearly 9% on Wednesday afternoon after revealing the details of its strategic review, providing a lift to the banking sector, which was broadly higher. Lloyds is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims includ
Read moreFTSE 100 movers: Lloyds jumps 9% to lead the risers
30th Jun 2011 14:02
Lloyds was the high riser of the day, gaining nearly 9% as of 14:00 on Thursday afternoon, after revealing the details of its strategic review. The group is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims include an investment programme in n
Read moreLondon midday: Lloyds leads the charge
30th Jun 2011 12:02
The top share index is in positive territory again, with Lloyds Banking Group leading the charge after revealing the details of its strategic review. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. The ann
Read moreLondon open: Lloyds leads the rise after review
30th Jun 2011 08:37
Lloyds Banking Group was the high riser of the morning after revealing the details of its strategic review. The Footsie opened up near the 5,900 mark, a level not seen since the start of the month. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut i
Read moreLondon pre-open: Lloyds to slim down
30th Jun 2011 07:49
Everything looks copacetic in London with concerns over the Greek debt situation on the back-burner following yesterday's vote in the Greek parliament in favour of introducing austerity measures. City traders expect the Footsie will open around 20 points up from last night's close of 5,856. Banking
Read moreWood Group expects 2011 to be in line
30th Jun 2011 07:09
Oilfield services firm Wood Group said on Thursday that it has seen good growth in the year to date and expects full-year numbers to be in line with expectations. The company - which works in 50 countries and has more than 34,000 employees - said that trading in its Engineering division and a stron
Read moreWeek Ahead: HMV, Petrofac, Wood Group
24th Jun 2011 17:32
Thursday is the big day for company trading updates next week, as is often the case, with Greene King, HMV, Petrofac and Debenhams set to update the market that day. HMV Group may only be a small cap company these days but, as the short seller's favourite weapon of choice over the last year or so,
Read moreLondon close: Footsie finishes close to daily highs
14th Jun 2011 16:29
London was given an extra lift in the afternoon as markets on Wall Street opened strongly. Also helping sentiment was some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country c
Read moreSector movers: Wood Group pulls oil services sector higher
14th Jun 2011 15:54
Oilfield services firm Wood Group is lift the oil equipment and services sector higher. The firm has extended its contract with TAQA Bratani Limited, the energy company that is 51% owned by Abu Dhabi Water and Electricity Authority, for a further five years. Under the terms of the deal, Wood Grou
Read moreFTSE 100 movers: RBS rises on disposal speculation
14th Jun 2011 15:15
Royal Bank of Scotland is among the best performers after reports suggest that it is in talks to sell its vehicle-leasing business to General Electric, the American super-conglomerate. Heading the other way is commodity trading house Glencore after the group reported its first quarter results this
Read more