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Markets slump on talk of Greek euro exit plans
European markets plunged yesterday as news that officials were preparing contingency plans for a Greek exit from the euro shattered the mood of cautious optimism seen earlier this week.
European markets start the week on the up
European markets returned to the black this morning as the absence of further bad news over the weekend persuaded investors to look for bargains after last week’s rout.
Market watch: Road ahead looking bumpier for FirstGroup
TRANSPORT firm FirstGroup has had a smooth ride for its last financial year but analysts will be looking for any signs of trouble further down the road when it reports full-year results on Wednesday.
Director dealings: Failure of well hits shares in Chariot
SHARES in explorer Chariot Oil & Gas fell sharply last week after a disappointing drilling update from one of its sites in Namibia.
Payday loans can lead to spiral of debt, report warns
A THIRD of people who have taken out payday loans have run into even greater financial difficulties as a result, a new report has revealed.
LSE profits soar 30%
London Stock Exchange Group posted a better-than-expected 30 per cent rise in full-year operating profits to £441.9 million yesterday.
Markets: British banks suffer for Europe’s sins
LONDON’S FTSE 100 Index capped its worst week for nine months with a fifth straight day of losses as British banking stocks were punished for the sins of their European peers.
Markets fall after bank downgrade
The financial storm on the continent gathered pace today after a key agency slashed the credit ratings of several Spanish banks - including the UK arm of Banco Santander.
UK banks hit by continental fallout
British banks felt the heat from Spain and Greece yesterday amid fears that customers were pulling their savings out of the weakest institutions.
Plus lifeline as ICAP talks offer hopes of sale
Britain’s ailing Plus stock exchange yesterday confirmed it may be thrown a lifeline by the world’s largest inter-dealer broker after announcing it would wind itself up earlier this week.
Markets calmed as eurozone avoids recession
Markets managed a modest rebound this morning as news that strong German growth had helped the eurozone avoid recession provided an unexpected boost to the bulls.
Greek deadlock sends markets into fresh spin as default looms
FINANCIAL stocks suffered a new rout yesterday as the political deadlock in Greece prompted fears that it will leave the euro and default on its debts within weeks.
The week ahead: Pasty tax threatens to spoil Greggs’ recipe
Bakery chain Greggs could face a grilling from shareholders and the City on Wednesday about how much the proposed “pasty tax” is likely to eat into earnings.
Director dealings: Falling share price tempts Densitron chief
DENSITRON Technologies, which specialises in designing electronic displays including touch screens, enjoyed substantial growth in its last financial year.
Market watch: Weather adds to pressure on SSE
TWO of Britain’s biggest pub chains are poised to reveal this week whether last month’s wash-out weather has dampened sales, while SSE will report on whether the wetness boosted demand for electricity and gas.
Miners slip, but FTSE ends in the black
Encouraging consumer confidence numbers in the US and signs that Spain is prepared to get to grips with its banks fuelled a late recovery in the London market yesterday.
European markets stutter after Spain acts over bank losses
SPAIN’S plans for a fourth overhaul of its banking system in three years failed to convince European markets already reeling from the possibility of a Greek government prepared to tear up its bail-out agreement.
Markets slide on turmoil in Athens
Britain’s top shares lost £26 billion yesterday as European markets slumped in the face of Greek threats to renege on their bail-out agreement.
Markets holding their fire
WALL Street brushed off Europe’s election results, as the Standard & Poor’s 500 Index rebounded from early losses to end almost unchanged last night, despite the uncertainty surrounding the eurozone’s ability to tackle its debt crisis.
Shareholders add to pressure on Aviva’s Moss
Aviva has reportedly come under pressure from two major shareholders to replace chief executive Andrew Moss following a massive protest vote against executive pay.
More shareholders set to rebel over top pay and perks
OIL services firm Petrofac and commodities trader Glencore will be the latest blue-chip companies to come into rebel shareholders’ sights this week as anger continues over executive pay and perks.
Market watch: Weir tipped to surprise City as profits hold firm
ANALYSTS believe shares in Glasgow-based engineering giant Weir Group could rise this week, even if it simply reiterates its previous profit guidance during Wednesday’s first-quarter trading update.
US jobs woe hits FTSE as global bourses falter
Dismal job figures from across the Atlantic helped drag London shares deep into the red last night, reigniting fears over the global recovery.
Faroe under fire over board pay
FAROE Petroleum will become the latest to face a shareholder rebellion at its annual meeting on 24 May after an investors’ group told members to vote down a proposed incentive scheme for board members.
The Week Ahead: Highlighting the high street’s health
RETAILERS will stay in sharp focus this week as a series of high street names shed light over whether the UK’s economy really has fallen back into recession.
1 commentMarket Watch: Oil giant recovering from Deepwater Horizon disaster
OIL giant BP should provide some cheer to the markets as the high oil price helps it emerge from the shadow of the Deepwater Horizon disaster.
Bill Jamieson: Chill winds could wreck UK recovery
‘We are not just flying through one of the stormiest and most turbulent periods in modern history, but flying blind’
2 comments- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Family mourn death of Glasgow ‘fight’ schoolboy
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
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Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 11 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
