THE LONDON REPORT September 29, 2009 THE FTSE 100 closed marginally lower yesterday as buoyant financials struggled against disappointing US data, falls from miners and Vodafone. The index closed 5.98 points, or 0.1 per cent, lower at 5,159.72, after a choppy day of trading, having ended Monday’s session 1.6 per cent firmer. Miners were among the biggest laggards, with investors plagued [...]
BEST OF THE BROKERS August 10, 2009 BALFOUR BEATTYPanmure said Balfour Beatty’s share price had been in drift mode, underperforming its peers on a three and 12-month basis. Panmure believes this is due to concerns about public sector spending, but also that its market value and liquidity has made it an easier one to sell. The broker said that with its broad [...]
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 [...]
Sandy Chen mulls opening his own bank September 6, 2009 SANDY Chen, one of the City’s most respected banking analysts, is the latest financier to consider upping competition in the Square Mile by setting up his own bank. Panmure Gordon analyst Chen is understood to be in conversations with potential investors for the bank, which has yet to be named, and could raise around £100m [...]
CITY MOVES WHO’S SWITCHING JOBS October 4, 2009 ForestersThe friendly society has hired industry heavyweight Graham Berville to the board as a non-executive director. Berville was formerly director of the Association of Friendly Societies and chairman of the Association of Mutual Insurers, as well as a member and chairman of various Association of British Insurers (ABI) committees. Prior to joining Foresters, he spent [...]
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 [...]
NOMURA PREPARING FOR OXFORD AND CAMBRIDGE VARSITY CLASH October 29, 2009 THE City’s rugby aficionados and former Oxbridge contingent are already gearing up for this year’s Varsity match, which is being sponsored for the second year running by Japanese bank Nomura. Nomura stepped in at the last minute to save the day after it rescued the European operations of failed bank Lehman Brothers, the event’s former [...]
FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]