Investors looking for bargains among battered stocks power the FTSE rally September 7, 2011 Britain’s top share index notched up solid gains yesterday, led by banks and commodities, as investors sought out bargains among battered stocks, but analysts, eckoned the rally was unsustainable. The FTSE 100 ended 161.75 points, or 3.1 per cent, higher at 5,318.59, building on Tuesday’s 1.1 per cent advance. It had shed nearly six per [...]
Investors looking for bargains among battered stocks power the FTSE rally September 7, 2011 Britain’s top share index notched up solid gains yesterday, led by banks and commodities, as investors sought out bargains among battered stocks, but analysts, eckoned the rally was unsustainable. The FTSE 100 ended 161.75 points, or 3.1 per cent, higher at 5,318.59, building on Tuesday’s 1.1 per cent advance. It had shed nearly six per [...]
Lloyds finance boss jumps ship to Friends Life September 19, 2011 Tim Tookey has decided to quit the part-nationalised British bank to join insurer Friends Life, the companies said, continuing a series of high-profile management departures in the wake of the arrival of new Lloyds’ chief executive Antonio Horta-Osorio earlier this year. Lloyds said Tookey would remain with the company until the end of February next [...]
Banks “on track” with lending targets August 5, 2011 The country’s top banks said they are track to meet government-set targets on lending to businesses, agreed earlier this year to boost the faltering economy in exchange for legislative restraint by the government. The British Bankers Association (BBA) said that as part of the deal – known as “Project Merlin” – the country’s top five [...]
SHARES SLUMP AS EURO FEARS GROW October 4, 2011 THE EUROZONE’S escalating financial crisis hammered European stocks yesterday, with markets also dampened by growing concerns over the fragility of the global recovery. The bad news was compounded after hours as Moody’s downgraded Italy by three notches, from Aa2 to A2. The prospect of a Greek default was heightened by an apparent delay in the [...]
FTSE rises as miners gain and euro hope pushes bank stock October 12, 2011 STRONG miners and banks boosted Britain’s top shares yesterday, keeping the index on an upward tilt, underpinned by progress in tackling the Eurozone sovereign debt crisis and recent upbeat US data. The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month’s end, was further lifted when [...]
Uncertainty casts a shadow over uptick September 13, 2011 BRITAIN’S top shares rose yesterday, led by banks which bounced back after recent weakness, although traders were dubious about the rally’s solidity due to persistent fears of a Greek debt default and a sharp rise in Italy’s borrowing costs. The UK benchmark index ended up 44.63 points, or 0.9 per cent, at 5,174.25, recovering from [...]
FTSE breaks winning streak on worries over Euro bailout October 11, 2011 THE FTSE 100 share index snapped a four-day winning streak yesterday, as worries over Europe’s debt problems and the impact on the global economic recovery prompted investors to bank some of the recent gains made in commodity and financial stocks. The index closed down 3.3 points, or 0.1 per cent at 5,395.70, but recovered from [...]
Salmond sets terms for Scots independence vote January 25, 2012 SCOTTISH first minister Alex Salmond claimed he could be leading a sovereign nation by 2016 after setting out details of a proposed independence referendum. The Scottish National Party (SNP) leader chose Burns Night to defy David Cameron and announce his party’s plans for a vote in late 2014 on the matter of dissolving the 304-year [...]
Salmond sets terms for Scots independence vote January 25, 2012 SCOTTISH first minister Alex Salmond claimed he could be leading a sovereign nation by 2016 after setting out details of a proposed independence referendum. The Scottish National Party (SNP) leader chose Burns Night to defy David Cameron and announce his party’s plans for a vote in late 2014 on the matter of dissolving the 304-year [...]