FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
Banks rally on hope of action to fix the Eurozone debt crisis September 26, 2011 AFTER a tumultuous session, strong financials hauled Britain’s top shares into positive territory yesterday as investors, spurred by hopes for decisive action to deal with the Eurozone debt crisis, sought out bargains in the beaten-down sector. The UK benchmark ended up 22.56 points, or 0.5 per cent, at 5,089.37, having vacillated sharply between positive and [...]
Lloyds shake-up as Bostock joins July 18, 2011 THE Royal Bank of Scotland’s restructuring chief, Nathan Bostock is quitting the firm to join its rival, Lloyds Banking Group, as the new head of wholesale banking. Bostock, will replace Truett Tate, the current head of wholesale banking, in early 2012. Truett is set to move to another role as a vice-chairman at Lloyds and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 12, 2012 FINANCIAL TIMES EARNINGS FORECASTS TAKE A BULLISH TURN Analysts last week upgraded more companies’ earnings forecasts globally than they downgraded for the first time since May last year. After 41 weeks of consecutive downgrades, net earnings per share revisions for next year turned positive powered by a surge in upgrades of Japanese companies and industrial [...]
FTSE bounces four per cent as hope for euro plan grows September 27, 2011 BRITAIN’S top share index gained strongly yesterday, posting its biggest one-day percentage gain for 16 months, boosted by a rally from commodity stocks and advances by banks on increased hopes that European leaders will take decisive action to alleviate the region’s debt crisis encouraged investors. Banking stocks, among the most sensitive to the twists in [...]
FTSE falls on worries of China and copper losing momentum September 29, 2011 BRITAIN’S leading share index fell back yesterday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some anxiety over growth from major metals consumer China ahead of official September PMI numbers, due out on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2011 FINANCIAL TIMES INVESTMENT BANKING FEES FALL TO TWO-YEAR LOW Investment banking fees from mergers and acquisitions and capital raising have slumped in the third quarter to lows not seen since the aftermath of the Lehman Brothers collapse. Market volatility and worries about European sovereign debt prompted a third consecutive quarterly decline in M&A activity, while [...]
CITY MOVES | WHO’S SWITCHING JOBS September 6, 2011 Emap International Duncan Painter has been appointed as chief executive of the publisher and events business to replace David Gilbertson, who stepped down in May. Painter is currently managing director of the BSkyB subsidiary Sky IQ, which provides customer intelligence services to BSkyB and FTSE 100 firms including Centrica and Zurich Financial Services. Previous roles [...]
Fed slaps RBS with cease and desist on US practices July 27, 2011 THE FEDERAL Reserve last night ordered the Royal Bank of Scotland to develop a plan for improving oversight of its US operations and complying with anti-money laundering requirements. RBS has 60 days to submit a written plan showing how it will fall in line with the Bank Secrecy Act and beef up its risk-management practices, [...]