FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
FTSE 100 bounce back led by banks January 11, 2011 The FTSE 100 lifted in early trading today as banking stocks led the way. The recovery came after a poor session yesterday with the euro zone debt crisis casting a shadow over European markets. Citigroup upgraded HSBC to “buy” from “hold”, fuelling more confidence in the banking sector. Barclays also climbed as the London Stock [...]
FTSE 100 bounce back led by banks January 11, 2011 The FTSE 100 lifted in early trading today as banking stocks led the way. The recovery came after a poor session yesterday with the euro zone debt crisis casting a shadow over European markets. Citigroup upgraded HSBC to “buy” from “hold”, fuelling more confidence in the banking sector. Barclays also climbed as the London Stock [...]
Bumpy ride likely because of EU debt and Korea November 28, 2010 INVESTORS are likely to be in for another bumpy ride this week, as the European sovereign debt crisis and military aggression from North Korea look set to continue. For today’s open, GFT is expecting the FTSE 100 index to open 11 points off from Friday’s close, at 5658. The German DAX 30 is expected to [...]
Bellway December 7, 2010 After a tough autumn for its shares, in part due to the fiscal crunch, Bellway looks well-priced in light of its third-quarter interim statement. Despite the fall in year-on-year unit sales, it beat consensus expectations and analysts are still setting their target price higher than its 612.5p close yesterday. The company has issued guidance suggesting [...]
THE TIPSTER December 21, 2010 SIGNIFICANTLY worse-than-expected public sector borrowing levels from the UK have somewhat eclipsed the marginal undershoot in German consumer confidence. As a result, the common currency is pushing higher against the pound. But for as long as the ratings agencies remain supportive of British efforts at fiscal reform then there’s a good argument to suggest sterling [...]
THE TIPSTER December 21, 2010 SIGNIFICANTLY worse-than-expected public sector borrowing levels from the UK have somewhat eclipsed the marginal undershoot in German consumer confidence. As a result, the common currency is pushing higher against the pound. But for as long as the ratings agencies remain supportive of British efforts at fiscal reform then there’s a good argument to suggest sterling [...]
Compass sees UK decline as new markets fill gap November 22, 2010 CATERING services giant Compass Group is expected to report a spluttering performance in the UK this week, with Australia and Brazil helping to shore up its figures. The company, which operates in 55 countries, is expected to show growth of around six per cent in its Rest of the World division, while dropping by one [...]
UK public borrowing hits record high December 21, 2010 UK public sector net borrowing unexpectedly surged in November to the highest level ever recorded, official figures have shown. The Office for National Statistics said public sector net borrowing, which smoothes some of the monthly volatility in government revenue and spending, came in at a record £22.77bn in November – up from £16.72bn a year [...]