London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
FTSE rocked as mining shares fall on commodity price drop February 23, 2010 BRITAIN’S top shares shed 0.7 per cent yesterday, tracking early falls on Wall Street and pressured by weaker miners and energy issues as commodity prices fell with a firmer dollar after dull data. At the close, the FTSE 100 was 36.98 points lower at 5,315.09, having hit a one-month high earlier in the session. US [...]
Virgin Money beefs up team for offensive January 18, 2010 Virgin Money has appointed three senior executives as part of its efforts to build a retail banking brand. Finlay Williamson, who was previously a finance director at Royal Bank of Scotland, becomes the group’s chief financial officer. Williamson takes the reins from Dave Dyer who is moving over to become international development director for the [...]
DUNSTONE SWEEPS THE BOARD AT COWES August 8, 2010 IT’S been a good year for Charles Dunstone. Not only did the Carphone Warehouse tycoon wed his long-time sweetheart Celia Gordon Shute and deliver robust profits for his shareholders over the past 12 months, he’s also continued to make waves in his beloved sport of sailing. Dunstone took the honours for the super-yacht class zero [...]
London’s top shares tumble as oil and mining companies slip February 25, 2010 BRITAIN’S leading shares fell 1.2 per cent yesterday, sliding back in the afternoon in tandem with New York stocks, with miners and oils the main drag as commodity prices fell back pressured by a firmer US dollar. By the close, the FTSE 100 index was 64.69 points lower at 5,278.23, reversing again after Wednesday’s 0.5 [...]
FTSE rises as commodities and financials set the pace March 3, 2010 BRITAIN’S leading shares gained 0.9 per cent yesterday, boosted by strength in miners and oils, banks and life insurers, as upbeat US data lifted Wall Street. At the close, the FTSE 100 was 49.15 points higher at 5,533.21, ending at a seven-week peak on its fourth straight session of gains. “All the figures were pretty [...]
Fed move to lift US stocks and dollar February 21, 2010 ALTHOUGH the Federal Reserve was keen to downplay its surprise move last Thursday, the markets initially reacted strongly to its announcement that it would hike the rate it charges banks for emergency loans. But while the currency market saw the biggest moves – the dollar strengthened to a nine-month high of $1.5345 against the pound [...]
Possible solution to Eurozone debt woes boosts FTSE 100 February 10, 2010 BRITAIN’S leading shares added 0.4 per cent yesterday as financial issues drew strength from a possible solution to Eurozone debt worries, offsetting a retreat by heavyweight commodity shares. The FTSE 100 ended 20.15 points higher at 5,131.99, recovering from a session low of 5,105.30 in the afternoon but still well below the morning peak of [...]
London hits one-month high led by miners and oil stocks February 18, 2010 BRITAIN’S top share index hit a one-month closing high yesterday, extending its advance into a fourth consecutive session, led by commodity stocks on firmer metals and oil prices, and with banks also in demand. The FTSE 100 index closed up 48.45 points, or 0.9 per cent, at 5,325.09, its highest close since Jan. 21, after [...]
Bonus supertax to raise up to £3bn as firms pay in full January 5, 2010 SENIOR bankers have told City A.M. that the government’s supertax on bank bonuses will not reduce City payouts, predicting the levy will raise up to £3bn as firms cough up to protect their London employees. That is six times the £550m tax take predicted by chancellor Alistair Darling when introducing the 50 per cent levy [...]