London leads UK recovery, but large retailers drag on growth April 9, 2012 THE ECONOMY is growing once more – and London led the recovery in the first quarter, influential survey data showed yesterday. However, other indicators pointed to weakness in some parts of the UK, with increasing numbers of retailers entering administration in the first three months of the year. Every English region except the north east [...]
Hardy snapped up by US rival CNA in £143m deal March 21, 2012 SHARES in Lloyd’s of London insurer Hardy Underwriting soared yesterday after it said it had accepted a 280p per share cash takeover offer from US rival CNA Financial, valuing it at about £143m. “The board believes that CNA’s offer represents the most attractive outcome for our shareholders and will enhance Hardy’s business,” Hardy chairman David [...]
FTSE rise fuelled by solid earnings May 3, 2012 The FTSE 100 pushed higher in early deals, recovering some of the previous session’s falls as investors turned their attention to a European Central Bank (ECB) meeting and tomorrow’s key US jobs report. ECB chiefs meet today after a week in which a string of bleak economic data, including manufacturing figures, has cast a shadow. [...]
FTSE shored up by strong blue chip results May 2, 2012 The FTSE 100 was flat in early trading as better than expected US manufacturing figures were offset by the bleak picture in the Eurozone. US manufacturing expanded at its fastest pace for 10 months fuelling confidence in the recovery of the world’s largest economy. However, the Eurozone’s manufacturing sector slipped further into decline last month, [...]
FTSE shored up by strong blue chip results May 2, 2012 The FTSE 100 was flat in early trading as better than expected US manufacturing figures were offset by the bleak picture in the Eurozone. US manufacturing expanded at its fastest pace for 10 months fuelling confidence in the recovery of the world’s largest economy. However, the Eurozone’s manufacturing sector slipped further into decline last month, [...]
FTSE lifted by Shell and Barclays boost April 26, 2012 The FTSE 100 opened on the front foot today with gains fuelled by the energy sector after Shell reported encouraging fourth quarter profits. In banking Barclays announced a 22 per cent rise in first quarter earnings, which also helped to inject some momentum into the market. Investors shrugged off yesterday’s bleak news that the UK [...]
FTSE gains fuelled by Eurozone deal July 22, 2011 The FTSE 100 tracked other global markets upwards as the sealing of a second bailout for Greece produced a collective sigh of relief from investors, governments and financial institutions. Leaders of the Eurozone threw a lifeline to debt-stricken Greece that includes an extra €109bn of government money as well as a significant contribution from private [...]
FTSE gains fuelled by Eurozone deal July 22, 2011 The FTSE 100 tracked other global markets upwards as the sealing of a second bailout for Greece produced a collective sigh of relief from investors, governments and financial institutions. Leaders of the Eurozone threw a lifeline to debt-stricken Greece that includes an extra €109bn of government money as well as a significant contribution from private [...]
Manduca in line for chairman’s role at the Pru May 20, 2012 PAUL MANDUCA, one of the City’s best-known fund managers, is set to become the new chairman of Prudential, putting an end to a five-month search for Harvey McGrath’s successor. Manduca, 60, joined the board of Prudential, the UK’s biggest life assurer, as a senior independent director in October 2010 and has been overseeing the search [...]
FTSE rise aided by banks April 25, 2012 The FTSE 100 opened on the front foot this morning as the tech sector was given a boost by stellar sales from Apple in the US while banks also nudged up. But UK GDP figures showing that the country had plunged back into recession cast a shadow.The UK economy shrank by 0.2 per cent in [...]