UK stocks sag after gloomy news from Bank of England August 11, 2010 BRITAIN’S top share index fell sharply to a three-week low closing yesterday, with banks and commodity stocks leading a broad-based sell-off after US and UK central banks voiced concerns over the economic recovery. Technology firm Smiths Group, however, topped the list of a handful of gainers, up 3.9 per cent as traders cited break-up hopes [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]
FTSE climbs for sixth day on optimism over US earnings and stress test hopes July 13, 2010 BRITAIN’S top shares climbed for the sixth consecutive session yesterday, led by banks on optimism that US peers would post strong earnings and lift the sector, and that Europe’s lenders would pass a key stress test. The FTSE 100 closed 104 points, or two per cent, higher at 5,271.02, hitting its highest close in over [...]
Lloyds shareholders in claim over HBOS June 6, 2010 SHAREHOLDERS in state-backed bank Lloyds Banking Group have launched a £14bn claim against the government and the bank’s directors, saying they were misled into voting in favour of a takeover of rival bank HBOS. The group has written to the Treasury, Lloyds chief executive Eric Daniels and former chairman Sir Victor Blank, stating the takeover [...]
Lloyds shareholders in claim over HBOS June 6, 2010 SHAREHOLDERS in state-backed bank Lloyds Banking Group have launched a £14bn claim against the government and the bank’s directors, saying they were misled into voting in favour of a takeover of rival bank HBOS. The group has written to the Treasury, Lloyds chief executive Eric Daniels and former chairman Sir Victor Blank, stating the takeover [...]
SPREAD BET GURU August 1, 2010 MARKET STRATEGIST josh@cityindex.co.uk Q. Dear Josh, what aspects are there to consider before using stop losses when spread betting? A. Stop losses can be a good means of protecting your trading risk. The first aspect I would always consider would be whether to use a standard or guaranteed stop loss. Of course, a guaranteed stop [...]
SPREAD BET GURU August 1, 2010 MARKET STRATEGIST josh@cityindex.co.uk Q. Dear Josh, what aspects are there to consider before using stop losses when spread betting? A. Stop losses can be a good means of protecting your trading risk. The first aspect I would always consider would be whether to use a standard or guaranteed stop loss. Of course, a guaranteed stop [...]
Banks boost FTSE past the 5,400 mark after quiet day August 9, 2010 FINANCIAL stocks boosted the UK’s leading share index yesterday, rallying from falls in the previous session following weak US jobs data and supported by energy markers which gained in tandem with crude. The FTSE 100 was up 78.13 points, or 1.5 per cent, at 5,410.52, having closed 0.6 per cent lower on Friday, albeit in [...]
BEST OF THE BROKERS May 27, 2010 SIGNET JEWELERS Standard & Poor’s (S&P) Equity Research has downgraded its rating on Signet Jewelers from “strong buy” to “hold” and said the jeweler continues to shine but there are few short-term catalysts. S&P said that for the shares to move higher, new store roll-outs or a resumption of shareholder payouts would be needed. DOMINO’S [...]