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Thursday 24th of July 2008

Latest Investment News

The latest news on equities, commodities, and bonds:

July 24, 2008

British Airways drops 8 percent on session

by Elaine Frei
British Airways drops 8 percent on session
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 ...



July 14, 2008

Kazakhmys in talks; London miners see gains

by Elaine Frei
Kazakhmys in talks; London miners see gains
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 ...



This week’s Economic data unlikely to cheer markets

by Brian Turner
This week's Economic data unlikely to cheer markets
A raft of economic data and company reports are due out this week, and unlikely to cheer markets already reeling from the collapse of the Indymac bank, and the Fed's emergency support for Freddie Mac and Fannie Mae. Despite brief optimism this Monday morning, markets are turning bearish again, and reports over the next few days are unlikely to offer ...



July 13, 2008

Financial stocks to be challenged by Indymac collapse

by Brian Turner
Financial stocks to be challenged by Indymac collapse
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 ...



July 8, 2008

BP, Royal Dutch Shell lead oil sector lower on crude prices

by Elaine Frei
BP, Royal Dutch Shell lead oil sector lower on crude prices
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 ...



July 7, 2008

Sainsbury, Carphone Warehouse higher as most London retailers decline

by Elaine Frei
Sainsbury, Carphone Warehouse higher as most London retailers decline
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: ...



July 1, 2008

British Airways leads travel-related shares lower in London

by Elaine Frei
British Airways leads travel-related shares lower in London
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, ...



June 27, 2008

HBOS shares back under rights price

by Brian Turner
HBOS shares back under rights price
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 ...



June 26, 2008

BSkyB, Thomson Reuters downgrades hurt media in London

by Elaine Frei
BSkyB, Thomson Reuters downgrades hurt media in London
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 ...



June 24, 2008

Taylor Wimpey drops 12 percent on mortgage approvals data

by Elaine Frei
Taylor Wimpy drops 12 percent on mortgage approvals data
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 ...



June 20, 2008

Barratt Developments gains 12 percent on talks rumors

by Elaine Frei
Barratt Developments gains 12 percent on talks rumors
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 ...



June 18, 2008

Royal Dutch Shell, BP down on recent oil price declines

by Elaine Frei
Royal Dutch Shell, BP down on recent oil price declines
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 ...



RBS warns of new stock market crash

by Brian Turner
RBS warns of new stock market crash
Bob Janjuah, senior credit analyst at Royal Bank of Scotland (RBS) has warned of a potential new stock market crash this Autumn. According to Janjuah, he expects to see the economic stimulus package in the US continue to help the Dow Jones rally until July. After that period, he expects inflationary pressures to effectively "paralyse" the ability of central banks in the ...



June 17, 2008

European markets see gains

by Elaine Frei
European markets see gains
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 ...



Over-50s worried about credit crunch affecting their investments

by Kay Murchie
”Over-50s
Research by marketing agency, Millennium, has revealed that the majority of over 50s are concerned about the impact the credit crunch will have on their pensions and investments. The organisation discovered that over 75% of people in this mature age group believe that the credit squeeze will affect their investments, while almost 60% are concerned about their pensions. However, the survey ...



June 12, 2008

HBOS shares climb, but still below rights issue price

by Brian Turner
”UK
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 ...



June 9, 2008

Asda teams up with The Children’s Mutual

by Kay Murchie
Asda teams up with The Children's Mutual
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 ...



May 30, 2008

London equities see declines

by Elaine Frei
London equities see declines
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 ...



May 29, 2008

European equities gain; London mixed

by Elaine Frei
European equities gain; London mixed
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 ...



Money paid into savings accounts reaches record levels

by Kay Murchie
”Money
Figures from the British Bankers' Association (BBA) have revealed that Britons are taking advantage of high savings rate as the amount of money deposited into savings accounts more than doubled last month to reach record levels. The BBA said £5.8 billion was deposited into personal bank accounts during April, compared to £2.8 billion the previous month and out-performs the previous ...