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Hundreds of British Airways flights were expected to be cancelled because of a cabin crew strike today despite an eleventh-hour peace overture from the Unite union. The airline remained focused on flying as many passengers as possible throughout the first of three five-day strikes even though Tony
Read moreIt was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreThe FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreAs Footsie slides below 5,000 it is the banks that are leading it downwards. Lloyds Banking, RBS and Standard Chartered are the worst performing banks. Brewer SABMiller is another of the major losers after yesterday's results and share sales by directors. Chief executive Graham MacKay raised £10
Read moreAfter briefly tip-toeing into the blue, Footsie is now back in the red again as concerns about eurozone debt persist. Germany's parliament is expected to approve the country's share of a €750bn eurozone rescue package on Friday. Both houses of parliament are scheduled to vote on its potential €148b
Read moreLondon's top stocks have opened lower but the decline is modest compared to the hammering US blue chips took overnight. British Airways record pre-tax loss of £531m is providing some distraction. The carrier was hit by strike action, bad winter weather disruption and the impact from the global rece
Read moreFinal coalition agreement may include phasing a cut in the headline rate and alternatives to a sharp cut in the rate of capital allowances originally proposed by the Tories, reports the FT. Chancellor wants most competitive corporate tax regime in G20 by cutting rates and reforming rules driving fi
Read moreLondon's top stocks have turned down after the late gains yesterday with banks again under pressure on concerns over the plans of the new government to curb their activities. Reports that the EU is to push through controversial new hedge fund regulations next week have also cast a cloud over the fi
Read moreLondon's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreLondon's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
Read moreLosses halved during the afternoon session as it looked increasingly likely the Liberal Democrats will jump into bed with the Conservative party and form a coalition government. Buyers nibbled at weak miners and banks, down sharply earlier on doubts about the €750bn Eurozone bailout plan. Kazakhmy
Read moreWith still no decision on who's running the country and Wall Street deep in the red, London's FTSE 100 is nursing triple digit losses. Concerns about the €750bn bailout agreed by European governments to prevent economic collapse in the Eurozone also continue to weigh. Banks remain among the worst
Read moreBanks are among the worst performers on a tough day for the markets, most notably part-nationalised Royal Bank of Scotland. The taxpayer-owned bank has agreed to pay the US government $500m to settle charges it conspired to violate the US Bank Secrecy Act. The Department of Justice said ABN Amro,
Read moreThe leading share index is posting triple-digit losses as nerves set in over the prospects for the €750bn bailout agreed by European governments to prevent economic collapse in countries that use the euro. Banks are among the worst performers, most notably part-nationalised Royal Bank of Scotland.
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