Tag: investors

Price of gold rises above $1,600

Price of gold rises above $1,600

The price of gold has risen to a fresh all-time high of $1,610 an ounce on the back of US and euro zone debt worries. As debt concerns in the US build, the dollar continues to weaken and the price of gold typically moves in the opposite direction to the precious metal. Some believe gold [...]

July 19, 2011 | 0 Comments More
Oil prices fall further over global concerns

Oil prices fall further over global concerns

Oil prices have fallen further as investors continue to worry about the weak US recovery and Greece’s debt woes. Today, Brent crude for August delivery fell $2.95 to $102.72 a barrel, while US light, sweet crude dropped $1.13 cents to $90.14 a barrel. The US economy continues to struggle amid stubbornly high unemployment and a [...]

June 27, 2011 | 0 Comments More
Norwich and Peterborough to repay £57m to Keydata investors

Norwich and Peterborough to repay £57m to Keydata investors

The Norwich and Peterborough Building Society (N&P) is to repay £57 million in compensation to customers who were sold its Keydata product. N&P sold Keydata products from 2005 but it was placed into administration in 2009, with 30,000 UK investors facing the loss of £450 million. The collapse of Keydata represents the largest investment failure [...]

March 23, 2011 | 0 Comments More
Stock markets await US GDP estimate

Stock markets await US GDP estimate

Global stock markets were lower today as investors awaited US fourth quarter economic growth figures. Analysts expect the economy expanded at an annual rate of 3.5% in the final three months of 2010, after growth of 2.6% in the third quarter. The US economic recovery appears to be gathering momentum after positive figures for the [...]

January 28, 2011 | 0 Comments More
FTSE falls to 6-week low, hopes pinned on US

FTSE falls to 6-week low, hopes pinned on US

The UK’s FTSE 100 index dropped to a 6-week low today as the euro zone debt crisis continues to weigh heavily on investors minds, despite the imminent bailout for Ireland. The index lost 36 points to 5,644.48 by 8:57 am after earlier falling to 5,614.65 - its lowest since the beginning of October. So far [...]

November 23, 2010 | 0 Comments More
Anglo Irish debt rating cut by Moody’s

Anglo Irish debt rating cut by Moody’s

Troubled lender, Anglo Irish Bank, has today had its debt rating slashed by credit agency Moody’s, sending the euro down against the US dollar. Moody’s cut the bank’s senior unsecured debt by three notches to Baa3 - just one notch above junk status. It also downgraded Anglo Irish’s subordinated debt by six notches to Caa1. [...]

September 27, 2010 | 0 Comments More
US Fed expected to keep interest rates at record low today

US Fed expected to keep interest rates at record low today

As uncertainty surrounds the world’s largest economy, investors are awaiting the outcome of the Federal Reserve’s policy meeting today. The US Fed is set to announce its decision on interest rates and other stimulus measures. Interest rates in the world’s largest economy have stood at the low level of between 0% and 0.25% since December [...]

August 10, 2010 | 0 Comments More
Hungary seeks to reverse ‘unfortunate comments’

Hungary seeks to reverse ‘unfortunate comments’

Global stock markets fell earlier today over fears that Hungary could suffer a Greek-style debt crisis. The Hungarian currency, the forint, plunged 6% against the euro after Government officials compared the country’s financial position with Greece at the end of last week. However, in a move to seek investors, Hungary’s new Government has said there [...]

June 7, 2010 | 0 Comments More
Global stock markets down on US jobs data and Hungary debt fears

Global stock markets down on US jobs data and Hungary debt fears

Asian stock markets were down earlier today while European stock markets followed suit over disappointing US jobs data on Friday and fears that Hungary could suffer a Greek-style debt crisis. Earlier today, Japan’s Nikkei 225 closed down 3.8% - its biggest daily fall in 14 months, while the Chinese Hang Seng index lost 2.3%. European [...]

June 7, 2010 | 0 Comments More
Prudential in fresh AIA talks

Prudential in fresh AIA talks

Prudential, which is Britain’s second largest insurer, is in fresh talks with AIA, the Asian arm of US company American International Group (AIG). Earlier this week, it was reported that as many as 20% of Pru’s UK investors will vote against the proposed takeover and, as a result, the insurance giant said it is in [...]

May 28, 2010 | 0 Comments More
Euro sinks further against US dollar

Euro sinks further against US dollar

The euro has fallen against the US dollar and the Japanese yen after Germany banned risky bets on bonds, stocks and credit protection, until March next year. The ban, imposed by the German Government, will apply to the country’s 10 most important financial institutions, and is designed to stop the short-selling of euro Government bonds. [...]

May 19, 2010 | 0 Comments More
Greece credit rating downgraded by Fitch

Greece credit rating downgraded by Fitch

Greece’s woes intensified today after ratings agency Fitch downgraded the country’s credit rating amid fears over its rescue plan. Fitch downgraded Greece’s rating by two notches, from BBB+ to BBB-, as the cost of Greek borrowing continues to soar. The BBB- rating is significant since it is the lowest rating that qualifies as an investment [...]

April 9, 2010 | 1 Comment More
Bond markets hit by ongoing Greek debt fears

Bond markets hit by ongoing Greek debt fears

There are renewed fears over the Greek debt crisis after a hammering of bond prices by investors took the yield on short-term Greek debt up to 8% yesterday - almost 3% higher than in October 2009. There is now speculation that Greece will be seeking a bailout sooner rather than later with one analyst suggesting [...]

April 9, 2010 | 0 Comments More
Fears over Greek rescue deal sends euro down

Fears over Greek rescue deal sends euro down

Investors continue to lose confidence in the euro after it fell further yesterday on fears over its rescue deal. The euro was down by more than a cent (1%) against the US dollar, at $1.3376, while it lost half a penny against the pound to 87.820p. The risk premium on Greek bonds also increased greatly. [...]

April 7, 2010 | 0 Comments More
Uncertainty in Greece pushes euro to 10-month low against dollar

Uncertainty in Greece pushes euro to 10-month low against dollar

The ongoing uncertainty in Greece has pushed the euro to a 10-month low against the dollar as European Union leaders prepare for a two-day summit in Brussels today. The currency fell to $1.333 - its lowest level since May last year, while it also lost 0.3% against the pound to 89.338 pence. As well as [...]

March 25, 2010 | 0 Comments More
Euro continues to lose value amid Greek debt crisis

Euro continues to lose value amid Greek debt crisis

The euro continues to lose value as investors remain concerned about a solution for Greece’s fiscal problems. The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654. Against the US dollar, it fell to $1.3459 - close to a [...]

March 24, 2010 | 0 Comments More
Sterling falls against dollar over euro zone debt fears

Sterling falls against dollar over euro zone debt fears

The pound dived to a low not seen since May 2009 today over debt fears in the euro zone. It was the fourth consecutive day of losses and the pound fell to $1.5535 in early London trade - an 8½ month low. The losses came as investors worry about how euro zone economies (including Greece [...]

February 8, 2010 | 0 Comments More
Standard Life fined £2.45m

Standard Life fined £2.45m

January 20, 2010 | 0 Comments More
CICs seek to attract investment

CICs seek to attract investment

New measures to make it easier for Community Interest Companies (CICs) to attract investment are to be introduced later this year. From April, CICs, a form of social enterprise, will be able to pay dividends to investors of up to 20%. The cap on interest for loans to CICs will also be increased to 10% [...]

January 11, 2010 | 0 Comments More
Blue-chip firms in record rights issues in 2009

Blue-chip firms in record rights issues in 2009

The FTSE 100 index closed at 5437.61 points yesterday - a level not seen since prior to the collapse of Lehman Brothers in September 2008. However, in March this year, the index hit a 6-year low of 3,461 and despite the recent rally, it is still a long way off the 6,700 mark it reached [...]

December 30, 2009 | 0 Comments More