Former HBOS non-executive directors including then-chairman Lord Stevenson and Sir Charles Dunstone slam FCA report November 19, 2015 Former non-executive directors of HBOS have put out a statement condemning a report by the Financial Conduct and Prudential Regulation Authorities today, saying they disagree with a number of the conclusions. In a statement from law firm Ashurst, former non-execs including Lord Stevenson, the bank's chairman between 2005 and 2008, said the report "downplays the unforeseen [...]
Pearson’s share price is falling for the third day in a row and showing no signs of letting up October 23, 2015 Pearson's share price is trading down for the third consecutive day, and not showing any signs of reversing. In late morning trading the FTSE 100-listed publisher's share price was down 4.4 per cent at 908.6p, having closed 4.9 per cent down yesterday. On Wednesday Pearson's share price fell 15.95 per cent, after it issued a profit warning, saying conditions in its markets [...]
Clearbell snaps up £200m of property assets August 19, 2015 CLEARBELL has splurged £200m on two separate portfolios of retail, industrial and office properties spread out across the UK, the private equity real estate fund management said yesterday. The Amber portfolio contains 29 properties totalling two million square feet and is let to tenants such as B&Q, Travis Perkins and Sports Direct.com. Clearbell acquired the [...]
Public finance numbers could be back on track – London Report October 18, 2015 THE LATEST public finance figures, due out on Wednesday, are expected to have seen renewed year-on-year improvement in September after a particularly disappointing August. An improved September performance would help get the public finances back on track to reach George Osborne’s targets after taking a hit the previous month. Economists expect public sector net borrowing [...]
FTSE 100 underperforms European counterparts, including German Dax and French Cac October 22, 2015 Basic resources were sharply higher on Thursday, with Glencore and BHP Billiton among the risers, helping the FTSE 100 end the session slightly higher. However, the UKs main index lagged behind its European counterparts. While the FTSE 100 slipped during the day to a low of 6,321 points, it closed 0.44 per cent higher at 6,376 points. [...]
Bank of England braced for historic Super Thursday – London Report August 2, 2015 THIS WEEK includes s-called Super Thursday when the Bank of England’s policy announcement, meeting minutes from the monetary policy committee and the latest Inflation Report will – for the first time – all be released simultaneously. HSBC gets the week off with a bang today with interim results, Standard Life tomorrow and Legal & General [...]
Good results from Legal and General help to boost FTSE – London Report August 6, 2015 BRITAIN’S top share index rose yesterday, boosted by better- than-expected results from Legal & General and London Stock Exchange Group, and by a rebound in the mining sector. The FTSE 100 closed up one per cent at 6,752.41 points, about five per cent below a record high of 7,122.74 points reached in April. Insurer Legal [...]
FTSE treads water as a mixed bag of results peg market – London Report August 5, 2015 Top UK shares ended yesterday on a flat note, with the market pegged back by a mixed bag of corporate earnings and a $30bn (£19bn) bid from drugmaker Shire to buy rival Baxalta. The FTSE 100 lost 2.05 points, 0.03 per cent, on the day, closing at 6,686.57 points. The index’s skew towards mining and [...]
FTSE 100 chief executives on Twitter: Why they should be on social media… even Snapchat and Instagram September 15, 2015 FTSE 100 companies are notoriously quiet on social media, and their CEOs even more so. It can be easier sometimes to bury one’s head in the board room than put it on the Twitter parapet. So when I took a look at the new data on how many FTSE 100 bosses are active on social [...]
FTSE pushed down by Greek debt fears and grocery losses – London Report June 17, 2015 BRITAIN’S top share index turned lower by mid-session yesterday as losses in grocers and caution before a Federal Reserve announcement later in the day weighed on the market. The blue-chip FTSE 100 closed 0.4 per cent lower at 6,680.55 points. The FTSE, which fell to its lowest since late January on Tuesday, has lost around [...]