FTSE 100 declines on weaker metal prices and concerns over Greek debt April 8, 2010 Britain’s top share index posted its steepest one-day decline in six weeks yesterday, pressured by miners hit by weaker metals prices, and banks on revived concern over Greece’s debt. The FTSE 100 closed 49.36 points, or 0.9 per cent, lower at 5,712.70, its lowest close since March 31, after it shed 0.3 per cent on [...]
Rate hike puts the Aussie on track for strong gains in 2010 April 6, 2010 THE fact that the Reserve Bank of Australia (RBA) hiked interest rates by 25 basis points to 4.25 per cent yesterday will not have come as much of a surprise to currency traders – a move either this month or next was widely anticipated and given that the May meeting falls just days before the [...]
Miners and banks boost FTSE 100 March 31, 2010 STRONGER miners and banking stocks outweighed falls from defensive stocks to leave Britain’s top share index slightly higher by the close yesterday while BSkyB gained after an expected pay-TV review from Ofcom. The FTSE 100 index ended 7.32 points, or 0.1 per cent, higher at 5,679.64 having closed 0.7 per cent lower on Tuesday and [...]
StanChart to raise £500m in India listing March 30, 2010 Standard Chartered will raise up to $750m (£500m) in an audacious Indian listing. It plans to issue Indian Depositary Receipts (IDRs) – rupee-denominated certificates showing ownership of shares in Standard Chartered – the first such offering in Asia’s third-largest economy. It filed a draught prospectus with Indian regulators yesterday and hopes to complete the listing [...]
FTSE 100 soars to 21-month high boosted by Greek bailout March 25, 2010 BRITAIN’S top shares hit a 21-month closing high for the third day in a row yesterday, helped by a rally in banks as sovereign debt concerns faded, while retailers were boosted by upbeat results from Next and UK retail sales. The FTSE 100 ended 49.77 points higher at 5,727.65, finishing above the 5,700-mark for the [...]
Dubai World close to deal with creditors March 23, 2010 DEBT-LADEN Dubai World will present plans to restructure its $26bn (£17.3bn)debt pile to creditors this week, with details emerging as soon as today, sources familiar with the talks said yesterday. The conglomerate, which has been locked in talks with its creditors, will discuss how it plans to repay its commitments with an informal bank panel, [...]
FTSE 100 peaks at 21-month high led by banks and energy March 23, 2010 BRITAIN’S top share index rose 0.5 per cent yesterday, hitting a fresh 21-month closing high, led by commodity, enErgy and banking stocks as fears over monetary tightening effects ebbed. The FTSE 100 index ended 29.09 points higher at 5,673.63, after hitting an intra-day high of 5,695.94. It was the highest close since June 19 2008. [...]
London’s FTSE 100 ends down after weak oil stocks weigh on the market March 22, 2010 BRITAIN’S top share index ended slightly lower yesterday, as weakness in oil stocks outpaced firmer drugmakers, as the US House of Representatives approved a healthcare reform bill, and with miners also in demand. The FTSE 100 ended down 5.58 points, or 0.1 per cent, at 5,644.54 after a volatile session which saw the index dip [...]
Banks and commodities gain strength after S&P reassures on Greek debt March 16, 2010 BRITAIN’S top shares gained 0.5 per cent yesterday lifted by strength in banks and commodity issues after reassuring news on Greece’s debt situation and as investors awaited the outcome of a US Federal Reserve meeting. At the close, the FTSE 100 was 26.58 points higher at 5,620.43, having closed 0.6 per cent lower on Monday. [...]
British banks facing further disappointments on revenues March 15, 2010 UK banks will likely see more revenue disappointment before rebuilding their profitability, Seymour Pierce said yesterday, adding that consensus expectations for banking income growth were far too optimistic. The brokerage said it was on average 10 per cent below consensus revenue expectations for 2012 for the sector, with the greatest disappointment likely at Royal Bank [...]