Lloyds back in profitability April 27, 2010 LLOYDS Banking Group roared out of the red over the first three months of the year as provisions for bad debts fell, raising market expectations that the group will post a profit at the end of the year. Consensus analyst forecasts before yesterday’s first-quarter results were for Lloyds to report a small loss of almost [...]
FTSE ends day flat on debt jitters as Vodafone rises and travel groups fall May 17, 2010 BRITAIN’S top shares ended flat yesterday as jitters over Europe’s debt eroded early gains, with miners weak on demand concerns and travel firms hit by the Icelandic ash cloud. The FTSE 100 closed down 0.3 points at 5,262.54 after it fell 3.1 per cent on Friday, punished by anxiety over the euro zone debt crisis. [...]
FTSE ends day flat on debt jitters as Vodafone rises and travel groups fall May 17, 2010 BRITAIN’S top shares ended flat yesterday as jitters over Europe’s debt eroded early gains, with miners weak on demand concerns and travel firms hit by the Icelandic ash cloud. The FTSE 100 closed down 0.3 points at 5,262.54 after it fell 3.1 per cent on Friday, punished by anxiety over the euro zone debt crisis. [...]
FTSE slides over euro debt worries June 7, 2010 BRITAIN’S leading share index fell yesterday, with energy and mining stocks easing along with commodities on demand worries as downbeat US jobs data last week and euro debt concerns sapped investor confidence. The FTSE 100 ended down 56.94 points, or 1.1 per cent at 5,069.06, marginally off the session low of 5,040.26, having shed 1.6 [...]
CITY MOVES | WHO’S SWITCHING JOBS May 31, 2010 Sainsbury’s Finance The supermarket personal finance business yesterday said interim chief executive David Fisher has been appointed as its new permanent chief. Fisher, who has been in the interim role for five months, joined the group in January from Lloyds Banking Group, where he was group HR director for HBOS. He spent a total of [...]
FTSE panics at the off but recovers some of its losses May 7, 2010 The FTSE fell 6.6 points to 5254.36 this morning as investors woke up to the prospect of a hung parliament. Panic on the opening bell caused the blue chip index to lose 100 points but it later recovered. “Sterling has been the worst affected by the news of the hung parliament but there has undoubtedly [...]
FTSE hit by German ban on shorting May 19, 2010 BRITAIN’S top shares fell steeply yesterday, as commodity-linked stocks and banks were hit by Germany’s attempt to stop speculators driving down the euro, bonds and share prices by limiting short-selling. The FTSE 100 closed down 149.26 points, or 2.8 per cent, at 5,158.08, having added 0.9 per cent on Tuesday, as Germany’s move shook markets [...]
RBS boosted by upturn in the economy May 7, 2010 ROYAL Bank of Scotland (RBS) has narrowed its losses after a massive shake-up, it said in a trading statement today. The bank’s statutory first-quarter net loss fell to £248m from £902m in the same period last year. The UK taxpayer owns 84 per cent of RBS after it was bailed out in a government emergency [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]