Banks suffer as concerns over their Greek exposure weigh February 11, 2010 BRITAIN’S top share index closed 0.6 per cent higher on Thursday, as gains in commodities outpaced falls in banks, which remained mired in uncertainty over Eurozone’s plans to deal with Greece’s debt problems. BT Group slumped 8.8 per cent, topping the losers’s list on the FTSE 100 and hitting a more than six-month low after [...]
Five blue chip bosses back Tory pledges February 2, 2010 THE TORIES yesterday wheeled out a series of business leaders who support their plans for the economy. Xstrata chief executive Mick Davis and Kingfisher boss Ian Cheshire were among five FTSE 100 bosses endorsing a new set of Tory policies that included a pledge to safeguard Britain’s AAA credit rating. Autonomy chief executive Mike Lynch, [...]
CFD Profile | UK consumer price index February 1, 2010 Spread: Five basis points on the nearest contract month, 10 basis points for other contracts. Min/ Max size of trade: £1/£25 (maximum account position is £25) Margin Requirement: 5 per cent Trading Hours: 08:00-16:30 London time (Information provided by GFT) After rising to 2.9 per cent in December, the spike higher in UK inflation looks [...]
Strong energy stocks fail to offset poor day for Vodafone January 7, 2010 BRITAIN’S top share index inched lower by the close yesterday, as weakness in heavyweight Vodafone offset modest gains from energy stocks. Investors shrugged off a decision from the Bank of England which left interest rates on hold at 0.5 per cent and kept the scale of its asset purchase programme unchanged at £200bn. The FTSE [...]
Fears over Greek and Austrian banks send FTSE shares down December 15, 2009 Britain’s leading share index shed 0.6 per cent yesterday, snapping a three-session rally with banks hit by some renewed sector caution, while oils and miners fell as a strengthening dollar weighed on metal prices. At the close, the FTSE 100 was 29.57 points lower at 5,285.77 after having gained one per cent on Monday to [...]
BEST OF THE BROKERS December 1, 2009 DIAGEOS&P Equity Research yesterday raised its 12-month target price for Diageo from 970p to 1,080p ,partly based on good results at Cointreau and Campari. But it kept its “hold” recommendation, saying Diageo’s earnings are holding up but that the stock is at a premium compared to Pernod Ricard, Campari and Constellation. QINETIQInvestec yesterday put out [...]
Top analysts predict a poor 2010 for the UK November 30, 2009 AS THE end of the year approaches, strategists at the big investment banks start publishing their forecasts for 2010. Morgan Stanley analysts were the first off the mark, yesterday releasing a rather bleak set of predictions. Despite a brighter global outlook, the bank’s UK strategist Graham Secker thinks the domestic economy will experience a “Grim” [...]
City types head out for a slippery slurp November 26, 2009 IT WAS off to Mansion House for many in the City yesterday for the annual Guinness and Oyster Lunch, which has been a tradition in the Square Mile for nigh on half a century. New Lord Mayor Nick Anstee kicked off the proceedings with a rousing speech, swiftly followed by the face of Guinness maker [...]
London market falls on back of revised USGDP figures November 24, 2009 BRITIAN’S leading share index ended 0.6 percent lower yesterday, with sentiment dampened by data showing the United States economy grew at a slower pace than previously thought, pressuring banks and commodity stocks. The FTSE index ended 31.54 points lower at 5,323.96, reversing earlier gains, to mirror falls on Wall Street after third quarter US economic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 29, 2009 FINANCIAL TIMES ASIAN SHIPPING LINES SUFFER FURTHER LOSSESTwo of Asia’s biggest shipping lines announced major losses for the June-September quarter in a further sign of the unprecedented severity of the crisis battering the industry. Singapore’s Neptune Orient Lines said that it would lose money at least for the first half of 2010 as it announced [...]