European equities markets were lower Wednesday in anticipation of a new decision on US interest rates and ahead of US President Barack Obama’s State of the Union address, which will be delivered before a joint session of Congress Wednesday evening in Washingdon, D.C. The FTSE 100 was 1.13 percent lower to 5,217.47 in London, while [...]
European equities markets saw gains Tuesday despite remaining concerns over monetary policy in China. The FTSE 100 added 0.31 percent to 5,276.85 in London, and while the FTSE 250 was slightly lower, in only dropped 0.2 point to 9,292.92. Miners were hurt by the continuing concerns over the tightening of monetary policy in China on [...]
European equities markets were lower to start the week on Monday. The FTSE 100 was 0.8 percent lower to 5,260.31 in London, while the FTSE 250 dropped 0.34 percent to 9,293.12. Insurers were mixed as Legal & General Group (LSE: LGEN) added 3.68 percent to lead the sector and the 100, followed by a gain [...]
European equities markets were lower Friday as banks declined on a proposal made Thursday by US President Barack Obama which would, if enacted, could limit what kind and how much of a risk banks could take with their money. The FTSE 100 was down 0.6 percent to 5,302.99 in London, while the FTSE 250 fell [...]
European equities markets were lower Thursday on declines for banks and miners. The FTSE 100 was 1.58 percent lower to 5,335.1 in London, while the FTSE 250 dropped 0.57 percent to 9,418.07, with the mining and banking sectors providing the nine worst performers on the session. Royal Bank of Scotland (LSE: RBS) dropped 7.05 percent [...]
European equities markets were lower Wednesday as concerns grew that China’s pullback from stimulus efforts will slow its economy, hurting global recovery from the recession. The FTSE 100 was 1.67 percent lower to 5,420.8 in London, while the FTSE 250 fell 0.87 percent to 9,472.29, with miners the biggest decliners on both indices. The seven [...]
Most European equities markets were higher Tuesday. The FTSE 100 was up 0.34 percent to 5,513.14 in London, but the FTSE 250 was 0.17 percent lower to 9,555.41. There were gains in the pharmaceuticals sector, led by Hikma Pharmaceuticals (LSE: HIK) with a gain of 4.17 percent on the 250, on concerns that the results [...]
European equities markets were lower to end the week on Friday. The FTSE 100 was 0.78 percent lower to 5,455.37 in London, while the FTSE 250 fell 0.31 percent to 9,538.2. Banks were lower after US bank JPMorgan Chase (NYSE: JPM) reported major losses in the fourth quarter, with Barclays Bank (LSE: BARC) seeing the [...]
Most equities markets in Europe were higher Thursday. The FTSE 100 added 0.45 percent to 5,498.2 in London, but the FTSE was down 0.02 percent to 9,568.03. Retailers had a hard time of it as most saw declines on the session, led by music retailer HMV Group (LSE: HMV) fell 8.01 percent on the 250 [...]
European equities markets were mixed Wednesday. In London, the FTSE 100 was down 0.46 percent to 5,473.48 and the FTSE 250 dropped 0.35 percent to 9,569.52. Miners were lower, led by Hochschild Mining (LSE: HOC), which dropped 4.48 percent on the 250 while Randgold Resources (LSE: RRS) topped losers on the 100 as it fell [...]
European markets were lower Tuesday, hurt by concerns that a new move by China to tighten monetary policy by raising reserve requirements for Chinese banks could slow down economic recovery around the globe. The FTSE 100 was 0.71 percent lower to 5,498.71 in London, while the FTSE 250 fell 1.26 percent to 9,603.47. Retailer Tesco [...]
European equities markets were mixed Monday amid caution ahead of fourth quarter results from US companies, due to begin reporting after the close of trade today. The FTSE 100 added 0.07 percent to 5,538.07 in London, while the FTSE 250 was up 0.39 percent to 9,726.44. The real estate sector was mostly higher, led by [...]
Most European equities markets ended the week with positive session, ignoring a December decline in jobs in the United States, although Madrid’s IBEX was down slightly as it dropped 0.03 percent to 12,163. The FTSE 100 was up 0.14 percent to 5,534.24 in London, while the FTSE 250 added 0.61 percent to 9,689.05. Pubs operator [...]
London’s equities markets were mixed Thursday as the FTSE 100 fell 0.06 percent to 5,526.72 but the FTSE 250 added 0.43 percent to 9,630.38, as the Bank of England left interest rates on hold for another month. Melrose Resources (LSE: MRS) was the biggest gainer on the 250 and led all London stocks as it [...]
European equities markets were higher Wednesday, led by London’s markets as the FTSE 100 added 0.14 percent to 5,530.04 and the FTSE 250 gained 0.34 percent to 9,589.53. The gains came despite declines in the retail sector as Marks & Spencer Group (LSE: MKS) turned in the worst performance of the session in London, dropping [...]
Equities markets in Europe were mixed Tuesday, as London indices gained but the main indices in Paris and Frankfurt declined. The FTSE 100 added 0.4 percent to 5,522.5, its highest close in 16 months, in London, while the FTSE 250 gained 0.49 percent to 9,557.09. London’s pharmaceuticals sector was lower after France cancelled more than [...]
Equities markets in Europe were higher Monday, on the first day of trade in the new year, helped by data on December manufacturing in China, the U.K. and the United States as all reported December activity up at the fastest pace in nearly two years for China to three years for the US. The FTSE [...]
European equities markets were higher Thursday, although some markets, including the Dax in Frankfurt and the IBEX in Madrid, were closed for the beginning of the Christmas holiday. In a shortened session in London, the FTSE 100 added 0.56 percent to 5,402.41, its highest close in 15 months, while the FTSE 250 gained 0.19 percent [...]
Markets in Europe were higher Wednesday, ahead of holidays that will see many markets in the region and in the United States closing early tomorrow and staying closed Friday in observance of the Christmas holiday. The FTSE 100 was up 0.82 percent to 5,372.38 in London, while the FTSE 250 added 0.5 percent to 9,194.39 [...]
European equities markets were higher Tuesday. The FTSE 100 added 0.65 percent to 5,328.66 in London, while the FTSE 250 was up 0.54 percent to 9,148.55. Homebuilders Barratt Developments (LSE: BDEV) and Taylor Wimpey (LSE: TW) saw gains after Goldman Sachs upgraded both from “neutral” to “buy”, with Barratt adding 1.67 percent and Taylor Wimpey [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
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