Miners lead markets higher as gold price holds steady October 8, 2009 THE top share index ended 0.9 per cent higher yesterday, buoyed by the miners on firmer metals prices and optimism over demand prospects. The FTSE 100 closed 45.74 points higher at 5,154.64, after shedding 0.6 per cent on Wednesday. “There doesn’t seem to be the same degree of buying momentum returning to the market after [...]
FTSEcloses at one-year high as energy and mining rally October 12, 2009 RALLYING energy stocks and miners, spurred by firmer commodity prices and growing optimism on the corporate outlook and global economy, helped the top share index to its highest close in over a year yesterday. Global equity markets were given a shot in the arm by forecast-beating results from Philips ahead of earnings from other major [...]
Legal &General buyout talk continues to dominate FTSE October 1, 2009 TALK that blue chip insurer Legal & General is to be a target for Clive Cowdery’s Resolution buyout vehicle continued yesterday. Traders were saying that L&Ghas already been approached by Cowdery, despite the fact his buyout vehicle is currently in a closed period ahead of its merger with rival insurer Friends Provident. But City A.M. [...]
FTSE100 puts in best day in months amid renewed hopes October 6, 2009 THE top share index closed 2.3 per cent higher yesterday, its best gain in three months, as commodity and bank shares rallied on renewed hopes over the gathering pace of the global economic recovery, ahead of the third-quarter US earnings season. At the close, the FTSE 100 was up 113.65 points at 5137.98, after closing [...]
BEER TODAY, GONE TOMORROW August 10, 2009 LIVERPOOL Football Club looks set to end its 17-year partnership with Danish brewers Carlsberg at the end of the 2009/10 season. Carlsberg and the club have not been able to reach an agreement on a new shirt sponsorship deal, with the Reds looking to double their price from the last time the deal was extended. [...]
HSBC hints at deal for ING private bank September 21, 2009 HSBC is actively looking to purchase assets in private banking, it said yesterday, reigniting expectations that the bank soon wrap up a deal for units put up for sale by bailed-out Dutch financial group ING. Alexandre Zeller, chief executive of HSBC Private Bank (Suisse) confirmed that Europe’s largest bank was alive to potential acquisition opportunities, [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
THE LONDON REPORT September 24, 2009 BRITAIN’S leading share index lost 1.2 per cent yesterday as a weak US housing report and cautious comments from the Bank of England governor raised investor concern over the pace of economic recovery. At the close, the FTSE 100 was 60.10 points lower at 5,079.27, finishing below the 5,100 level for the first time in [...]
Insurers fail to lift the FTSE as investors await US results October 7, 2009 BRITAIN’S leading shares closed lower yesterday as falls in oil majors and food retailers offset gains in insurers as investors waited for the start of the earnings seasons in the US to give a fresh direction. The FTSE 100 closed down 29.08 points, or 0.6 per cent, at 5,108.90, after ending 2.3 per cent higher [...]