Latest Investment News
The latest news on equities, commodities, and bonds:
July 24, 2008
European equities markets were lower on Thursday after the Ifo Institute reported that German business confidence dropped in July, while reports from the United States showing that existing home sales declined in June and that first-time jobless claims climbed last week also hurt markets.
In London the FTSE 100 was down 1.61 percent to 5,362.3 while the FTSE 250 dropped 1.99 ...
British Airways drops 8 percent on session
by Elaine Frei
July 14, 2008
In London Monday, the FTSE 100 was up 0.74 percent to 5,300.4 while the FTSE 250 gained 1.28 percent to 8,445.7 after miners gained ground on news from Kazakhmys (LSE: KAZ) that it is in preliminary talks toward a merger, possibly with a Russian miner.
In Europe’s markets, the FTSE Eurofirst 300 was 0.76 percent higher to 1,134.91 while the Dax ...
Kazakhmys in talks; London miners see gains
by Elaine Frei
This week’s Economic data unlikely to cheer markets
by Brian Turner
July 13, 2008
Financial stocks are likely to face challenging trading over Monday and Tuesday after the collapse of Indymac in the USA - one of the largest failures in US banking history.
Fears relating to the exposure of companies to sub-prime debt are likely to be heightened, in a trading environment where concerns are already piqued over the future of Freddie Mac ...
Financial stocks to be challenged by Indymac collapse
by Brian Turner
July 8, 2008
The oil sector declined in London Tuesday as crude oil prices dropped sharply, helping send the FTSE 100 1.31 percent lower to 5,440.5 while the FTSE 250 dropped 1.66 percent to 8,480.1
Among oil producers, BP (LSE: BP; NYSE: BP; TYO: 5051) was down 3.4 percent while Royal Dutch Shell (LSE: RDSA, RDSB; NYSE: RDS.A, RDS.B) dropped ...
BP, Royal Dutch Shell lead oil sector lower on crude prices
by Elaine Frei
July 7, 2008
London’s equities markets saw gains on Monday, with the FTSE 100 adding 1.85 percent to 5,512.7 while the FTSE 250 gained 1.26 percent to 8,623.
While most retailers saw declines, supermarket chain Sainsbury (LSE: SBRY) and mobile-phone retailer Carphone Warehouse (LSE: CPW) both saw gains.
JPMorgan Chase (NYSE: JPM) upgraded the grocer from “neutral” to “overweight” and Goldman Sachs (NYSE: ...
Sainsbury, Carphone Warehouse higher as most London retailers decline
by Elaine Frei
July 1, 2008
Equities markets in London saw declines on Tuesday, with the FTSE 100 down 2.6 percent to 5,479.9 as the FTSE 250 dropped 2.46 percent to 8,920.8.
Travel-related shares were lower, with British Airways (LSE: BAY) down 5.7 percent and cruise line operator Carnival Corp (LSE: CCL; NYSE: CCL; NYSE: CUK) dropping 4.8 percent.
Other decliners included the pharmaceuticals sector, banks, miners, ...
British Airways leads travel-related shares lower in London
by Elaine Frei
June 27, 2008
HBOS shares have again fallen below their rights issue price, leading to concerns as to how successful the take up will be.
At trading on the FTSE this morning, HBOS was trading as low as 260.0, almost a full 15 points below the rights issue offering price of 275p per share.
At the time of reporting, the price has risen to 265.50, but ...
HBOS shares back under rights price
by Brian Turner
June 26, 2008
London’s equities markets saw substantial declines Thursday, led by the media sector and banks, with the FTSE 100 down 2.61 percent to 5,518.2 as the FTSE 250 dropped 2.29 percent to 9,107.3.
BSkyB (LSE: BSY) and Thomson Reuters (LSE: TRIL; NYSE: TRI; NAS: TRIN; TSX: TRI) pulled the media sector lower after broker downgrades, while banks declined after a downgrade ...
BSkyB, Thomson Reuters downgrades hurt media in London
by Elaine Frei
June 24, 2008
In London on Tuesday, the FTSE 100 was 0.57 percent lower to 5,634.7 while the FTSE 250 dropped 1.38 percent to 9,192.3.
House builders Taylor Wimpy (LSE: TW) and Barratt Developments (LSE: BDEV) led the sector lower with declines of 12 percent and 11 percent respectively after the British Bankers Association reported that mortgage approvals were down 20 percent ...
Taylor Wimpey drops 12 percent on mortgage approvals data
by Elaine Frei
June 20, 2008
The FTSE 100 was down 1.53 percent on the session to 5,620.8 and the FTSE 250 dropped 0.91 percent to 9,361.1.
These declines came even though some homebuilders saw gains despite predictions of lower house prices, led by Barratt Developments (LSE: BEDV), which added 12 percent on the session on rumors that it is talks to arrange to refinance some ...
Barratt Developments gains 12 percent on talks rumors
by Elaine Frei
June 18, 2008
In London on Wednesday, the FTSE 100 fell 1.79 percent to 5,756.9 while the FTSE 250 dropped 1.94 percent to 9,534.8.
The oil sector was down on declined in oil prices, led by Royal Dutch Shell (LSE: RDSA, RDSB; NYSE: RDS.A, RDS.B) and BP (LSE: BP; NYSE: BP; TYO: 5051; TSX: BP.U), while the real estate sector was ...
Royal Dutch Shell, BP down on recent oil price declines
by Elaine Frei
RBS warns of new stock market crash
by Brian Turner
June 17, 2008
Europe’s markets were higher Tuesday, with the FTSE Eurofirst 300 adding 0.55 percent to 1,269.86 while the IBEX was up 0.46 percent to 12,885.1, the CAC-40 was 0.61 percent higher to 4,686.33 and the Dax gained 0.98 percent to 9,796.16.
In London, the FTSE 100 added 1.16 percent to 5,861.9 and the FTSE 250 gained 0.92 percent to 9,723.9.
Equities markets in the Asia-Pacific region ...
European markets see gains
by Elaine Frei
Over-50s worried about credit crunch affecting their investments
by Kay Murchie
June 12, 2008
Shares in HBOS, the Halifax Bank of Scotland, are recovering on the FTSE today after shock falls yesterday saw the share price fall below the rights issue price.
Share prices on June 11th had fallen to 258 pence per share, 17 pence below the rights issue price of 275.
However, HBOS shares have already recovered over 5% this morning and are currently trading ...
HBOS shares climb, but still below rights issue price
by Brian Turner
June 9, 2008
Supermarket giant Asda has announced an association with The Children's Mutual in a bid to encourage customers to invest in their children's future.
Asda’s latest savings product, the new ASDA Child Trust Fund (CTF) will be available to customers in-store, over the phone & online.
Parents will receive an added incentive of a £5 Asda gift voucher for opening the account or ...
Asda teams up with The Children’s Mutual
by Kay Murchie
May 30, 2008
London’s equities markets were lower on Friday, with the FTSE 100 down 0.24 percent to 6.053.5 and the FTSE 250 suffering a decline of 0.48 percent to 10,049.3 after a business-only airline folded operations and the real estate sector saw losses.
In continental Europe, on the other hand, the airlines and technology sectors sent equities higher.
The FTSE Eurofirst 300 was up 0.31 percent to ...
London equities see declines
by Elaine Frei
May 29, 2008
Europe’s equities markets were higher Thursday after oil companies saw gains.
The FTSE Eurofirst 300 added 0.27 percent to 1,330.28 while the Paris CAC-40 gained 0.1 percent to 4,975.9, and the Dax and IBEX each added 0.3 percent, to 7,055.03 and 13,539.5 respectively.
London’s markets, however, were mixed on declines for house builders and banks after house prices were reported lower again in May.
The ...
European equities gain; London mixed
by Elaine Frei
Money paid into savings accounts reaches record levels
by Kay Murchie