Consumer goods groups challenge financials to become biggest sector in FTSE 100 as Barclays, HSBC, RBS and Standard Chartered share prices plummet year-to-date March 3, 2016 Consumer goods groups are challenging the dominance of financial firms in the FTSE 100 for the first time in a decade. The two sectors are neck-and-neck, with consumer goods actually overtaking financials briefly during February, rising to account for 20.85 per cent of the FTSE 100, compared with 20.61 per cent, before slipping back down again. [...]
City Moves for 3 March 2016 | Who’s switching jobs March 3, 2016 Watson Day Chartered surveyor firm Watson Day has appointed Richard Turnill as a partner. He joins partners Nick Threlfall, Ian Gutteridge, Julian Scannell and Kevin Dempster, who founded Watson Day in 1989. Richard qualified as a chartered surveyor in 2007, following a graduate position at Cluttons. In 2009 Richard joined Glenny’s south east London and [...]
Barclays, HSBC, Lloyds, RBS and Standard Chartered have lost billions since the start of the year – the British economy needs a vibrant banking sector March 3, 2016 Spare a thought for Britain's banks. Between them, Barclays, HSBC, Lloyds, RBS and Standard Chartered have lost almost £40bn in value since the start of the year. A savage cocktail of market volatility, increased costs, low interest rates, fines, regulatory burdens and sluggish global growth is taking its toll. In a dramatic illustration of the [...]
FTSE 100 index closes lower as the price of oil slides and share prices of ITV and Intertek fall March 2, 2016 After a positive start to Wednesday's trading, the FTSE 100 swung into a loss for the day as the share prices of ITV and Intertek faltered. The UK's blue chip index closed 0.09 per cent lower at 6,147 points, as oil prices fell after it was revealed inventories rose. "A slide back in oil prices appears [...]
CoalFace Capital’s Declan McEvoy on clichés, robo-advisers, and pink hair February 29, 2016 Plenty of people must have sat in their banking job thinking about what could be done better and wondering if they should just pack it all in and start their own business. Declan McEvoy, founder of innovative trading platform CoalFace Capital, first realised he wanted to be this person back in 1999, while doing his [...]
Standard & Poor’s Ratings Services puts Standard Chartered on negative watch a few days after bank reports major losses for the year February 26, 2016 Standard Chartered is at risk of having its rating cut by Standard & Poor's, it was revealed today. The ratings agency put the bank on negative watch this afternoon, which means the rating could move downwards the next time it is reviewed. Standard Chartered Bank previously had a stable outlook on its A+ rating, while [...]
At the close: FTSE 100 index surges as banks’ share prices including Lloyds, RBS and Barclays rise February 25, 2016 The FTSE 100 index rocketed on Thursday as banking stocks surged, supported by the news that fourth quarter UK GDP was revised upwards to 0.5 per cent. The index closed 2.48 per cent higher at 6,012 points, led higher by Lloyds Banking Group and RSA Insurance Group. "European banks were the centre of market turmoil two [...]
At the close: FTSE 100 index falls as share prices of Standard Chartered and miners including Anglo American and Glencore drop further while housebuilders make gains February 24, 2016 The FTSE 100 index closed lower on Wednesday as the price of oil slid further and miners and Standard Chartered extended losses. The UK's blue-chip index dropped 1.6 per cent to 5,867 points, led lower by Anglo American and Glencore. "European markets tripped up again on Wednesday as volatile moves in the price of oil [...]
Bankers say it will take more than a decade for the banking industry to gain the public’s trust – new survey from Chartered Institute for Securities & Investment (CISI) February 24, 2016 British bankers have admitted they have long way to go before people start liking them again. According to a new survey out today from the Chartered Institute for Securities & Investment (CISI), half of British bankers say it will take more than a decade for the banking industry to gain the public's trust. Nearly one-third say [...]
At the close: FTSE 100 index closes lower as Saudi and Iranian oil ministers’ statements helps price of oil to fall despite London Stock Exchange surging February 23, 2016 The FTSE 100 index closed lower today as the price of oil fell after comments from the Saudi and Iranian oil ministers put the production freeze into doubt. The UK's blue-chip index fell 1.25 per cent to 5,962 points, led lower by Standard Chartered and BHP Billiton, despite the surging share price of the London Stock Exchange. "European [...]