All Entries Tagged With: "FTSE 100"
£49bn wiped off FTSE 100: lowest in six years
Over £49bn was wiped of the FTSE 100 yesterday; this is the lowest closing in six years. Global stocks are in trouble, a result of demands for fresh bailouts for AIG and HSBC (LON:HSBA). There is trouble on both sides of the Atlantic and it for that reason why the FTSE was down 204.26 to [...]
Royal Bank of Scotland (RBS) stock position after Nationalization
Shares in Royal Bank of Scotland (RBS) closed slightly up on Friday after it was unveiled that the UK government was forced to part-nationalize RBS after existing investors rejected the share offering and now the taxpayer owns 57.9 percent of the bank which owns NatWest.
Throughout the day’s trade, Royal Bank of Scotland led the biggest [...]
FTSE 100 soars on Chancellor’s speech amid Citigroup bailout
In London the FTSE 100 soared to its largest ever one day gain, this came as the US government announced the Citigroup bailout and the UK Chancellor of the Exchequer, Alistair Darling, gave his pre-budget speech which included tax cuts and how he would be kick-starting the UK economy.
The FTSE 100 Index had already shot [...]
Dow Jones hits 5 year low and FTSE 100 ended down 4.8%
More bad news on the global debt markets indicates that the financial crisis is far from over, sending share prices on Wall Street and across the water in London tumbling.
Yesterday traders watched the value of mortgage backed securities on commercial property
HSBC downgraded to ‘Sell’ – leading the FTSE 100 decline
HSBC Holdings Plc (NYSE:HBC) was downgraded to “sell” by WestLB AG who noted a lower than average Tier 1 capital ratio and a worsening global economic outlook, Europe’s largest bank by market value then led financial firms plummeting.
HSBC tumbled 7.6 percent to 641.5p, with the bank’s Tier 1 capital ratio which measures a bank’s financial [...]
HSBC, UBS, BNP Paribas tumble and lead European decline
HSBC (HSBA.L), USB (UBSN.VX) and BNP Paribas (BNPP.PA) led European shares to fall, with HSBC tumbling 2.6 percent, USB falling 2 percent and BNP Paribas losing 3 percent on early trade Monday November 17.
In London the FTSE 100 dropped 0.6 percent, Frances CAC lost 0.2 percent and Germany’s DAX
Stocks in Asia Recover: Japan Nikkei up 6.4 percent
Asian stocks rebounded on Tuesday with Japan’s Nikkei gaining 6.4 percent on close. This came as investors rushed to buy up shares after the benchmark index tumbled to its lowest level in 26 years yesterday.
Hong Kong led the way of stock indexes rebounding 14.4 percent at close allowing the Hang Seng to recover all of [...]
Britain’s growth snaps after 53 years: Pound tumbles on news
In the three months to September Britain’s economy shrunk by 0.5 percent this is the first decline in 16 years according to official GDP figures. Evidence now shows that Britain is now in the first stage of recession, this being the first time since the early 1990’s.
The housing crash and credit crunch has taken control [...]
Asian markets crash after volatility: FTSE-100 sharp drop
October 24. London’s FTSE-100 index open to a sharp drop of 5 percent this morning, dropping 205.23 points down to 3884.81 as fears of recession set in and panic selling in Asia.
HBOS fell 5.9p to 66.9p. HSBC tumbled 70p to 735p. Commodity prices slumped on global growth fears with Cairn Energy sank 225p to [...]
FTSE-100 slumps led by Barclays and RBS: Industrial metals sink
Another bad day on the London Stock Exchange with the FTSE-100 index tumbling 4.3 percent or 183.08 to 4,046.65 (at 4.16pm) this was accompanied by a fall on the FTSE All-Share index with a fall of 4.2 percent.
Barclays Plc led the way by sliding 6.4 percent to 227p with the Royal Bank of Scotland (RBS) [...]
FTSE-100 tumbled: Vodafone and RBS most traded stocks
After a positive three days the FTSE-100 index slumped today closing 1.24 percent down or 52.94 points to 4,229.73. Although at one stage today it saw a rise of 1.5 percent.
However the news warning that America is already facing recession sent British stocks down again. Ireland’s ISEQ index gained 4.8 percent whilst the FTSE [...]
RBS shares rocket, HBOS fall, FTSE-100 strong gains
Royal Bank of Scotland (RBS) saw a huge boost in its share price today after talks regarding a cash injection from selling stakes in its insurance division. Shares in RBS jumped 15.9p to 84.5p.
Reports that reinsurer Swiss Re and CVC the private equity group could pay about £3 billion for a 51 percent share of [...]
FTSE 100 surges, hope of recovery
The FTSE 100 went through the 4000 point mark at early trade today, jumping to 4026.2 up 165.3 point or 4.5 percent, giving hope that the London Stock market can stand strong and hold its own amid the talk the next industry to be the victim of the global crisis to be the UK insurance [...]
Britain: already in recession? FTSE 100 plunges again
October 16. Britain’s FTSE-100 closed down at 3861.39 dropping 218.12 points or 5.4 percent. The benchmark of the UK’s largest companies is now down 41 percent this year and fund managers predict there are more tough times ahead.
There were big losses all over the stock market today, travel companies were badly hit with
Dow Jones and FTSE 100 both surge on Columbus Day
Dow Jones Industrial Average futures surged 4.1 percent or 344 points to 8,714 as Wall Street began trading on Columbus Day. Nasdaq 100 index futures went up 4.41 percent or 56.50 points to 1,339.00 and Standard & Poor’s 500 index was up 5.06 percent or 45.10 points to 936.10 This is a positive signs that [...]