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Better than expected UK third quarter growth has cut little ice with investors this morning, who are firmly focused on weak miners, negative corporate news and broker downgrades. Britain's economy grew twice as fast as expected in the three months to September, according to preliminary estimates by
Read moreBlue chips are stuck in the red as Wall Street failed to arouse much enthusiasm and miners continue to wallow in negative territory as dollar strength trims commodity prices. US company earnings have been largely well-received, but talks about currency tensions at this weekend's G20 meeting in Kore
Read moreShares are struggling to move into the blue on a sluggish day's trading, with IPOs hogging much of the limelight. AIA, the Asian arm of the American insurance giant AIG, is raising $20.5bn from the float, which it priced at HK$19.68, at the top of the indicated range. The price values AIA at $30.5b
Read moreLondon has opened lower, with attention distracted by the huge AIA float in Hong Kong and Betfair's listing in London. AIA is raising $20.5bn from the float, which it priced at HK$19.68, at the top of the indicated range. The price values AIA at $30.5bn - exactly matching the price Prudential event
Read moreInsurer Legal & General has been forced to publish third quarter results more than two weeks early after it sent them to analysts last night by mistake. The company "inadvertently" emailed a sub-set of working draft third quarter numbers to "several analysts" after 4pm yesterday. Included were fig
Read moreLondon finished in the red heading into the weekend after Federal Reserve chairman Ben Bernanke's comments saying he sees the case for 'further action' to stimulate the US economy failed to stir up much excitement. 'There would appear - all else being equal - to be a case for further action,' Berna
Read moreInsurers have been clobbered by a downgrade of the whole sector by Citigroup. RSA, Standard Life and Legal & General all retreat but it is insurance firm Old Mutual that is the main casualty after banking giant HSBC said is not going to go through with its proposed acquisition of a controlling stak
Read moreLeading shares are mixed with traders reluctant to take on big positions ahead of this afternoon's speech from Federal Reserve chairman Ben Bernanke. The market is hoping that Bernanke will provide clues to the Fed's plans for a possible resumption of quantitative easing. Insurers and miners remai
Read moreInsurers are leading the market lower on a day when investors are, in any case, reluctant to commit new funds ahead of this afternoon's speech from Federal Reserve chairman Ben Bernanke. Citigroup has downgraded the insurance sector, prompting sharp mark-downs in the prices of RSA, Standard Life a
Read moreModest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
Read moreFinancials are pushing the Footsie higher. Interdealer broker ICAP is the best performer with Aviva, 3i, Admiral, Lloyds and Legal & General not far behind. Miner ENRC continues to decline because of its dispute with First Quantum concerning ENRC's acquisition of a majority interest in Camrose Re
Read moreWe're little changed from last night's close as Wall Street opens, with a largely bright financials sector offset by mostly weaker commodity plays. Most banks have done well - Barclays excluded - on hopes that new banking rules announced this weekend will be favourable. Regulators are meeting this
Read moreThe rising stock market and last week's strong interim figures have made fund manager Schroders the best performer in the Footsie. Funds under management were £164bn at the end of June 2010, up from £148.4bn at the end of 2009. Legal & General and Barclays - the shares go ex-dividend on Wednesday
Read moreFootsie is powering forward on the back of strong performances from financials and miners. Lonmin and Kazakhmys are the best performing miners, while among financials the stand-out stocks are spread around the insurance (Legal & General, Prudential), banking (Barclays), fund management (Schroders )
Read moreFrom an investor perspective, there was an awful lot to like about Legal & General's results this time round. The company comfortably beat consensus forecasts on virtually every metric you'd care to look at, returning a pre-tax profit of £537m (against last time's £143m loss) and hiking the dividend
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