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  • FTSE 100 movers: Standard Chartered heads back up

    Wednesday 08 Aug 2012

    Following a 16 per cent slump yesterday, emerging markets-focused bank Standard Chartered was leading the risers today. It was revealed yesterday that a US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities.

  • London midday: Sentiment dampened by BoE and Greece

    Wednesday 08 Aug 2012

    - ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast

  • Fewer UK job appointments but rate of decline slows

    Wednesday 08 Aug 2012

    The number of people being appointed to jobs in the UK dropped further in July, although the rate of decline eased, according to a survey by the Recruitment and Employment Confederation (REC) in conjunction with KPMG.

  • IAG's Iberia hedges Amadeus stake with Nomura

    Wednesday 08 Aug 2012

    Iberia, Spain's biggest airline owned by International Airlines Group, has hedged its 6.66 per cent stake in technology firm Amadeus with Nomura International in an effort to safeguard its holding.

  • BoE pushes back on expectations for quantitative easing? -UPDATE

    Wednesday 08 Aug 2012

    -Decrease in Bank rate was judged to be potentially negative

  • Market overview: StanChart bounces back, Credit Suisse cautious

    Tuesday 07 Aug 2012

    0907: Bank of England Inflation report due out at 10:30 and this is what Barclays has to say on the subject: We expect the MPC to say that policy is "broadly appropriate", but for the projections to be soft, showing a small undershoot of the inflation target in the medium term and indicating a bias to loosen (...) For the medium term, the big unknown is how the MPC will treat the recent policies

  • Wednesday tips round-up: Standard Chartered, Meggitt, Legal and General

    Tuesday 07 Aug 2012

    Questor in the Telegraph takes on the issue du jour, Standard Chartered, arguing the bank which faces damaging money laundering accusations in the US will, ultimately weather the storm. Trading at eight times current year earnings, the stock is still more expensive than poor old Barclays (at 5.4 times earnings).

  • Broker tips: StanChart, Diageo, Thomas Cook

    Tuesday 07 Aug 2012

    Nomura has downgraded its rating for Standard Chartered (StanChart) from 'buy' to 'neutral' on the back of the allegations of dealings with Iran by the emerging markets lender.

  • StanChart attack

    Tuesday 07 Aug 2012

    Less than a week ago, Standard Chartered was happy to be characterised as a 'boring' bank that has avoided the wilder excesses of others in its sector; now it finds itself at the centre of a money-laundering scheme, and accused of being a friend to terrorists.

  • Commodity falls hit Xstrata

    Tuesday 07 Aug 2012

    Mining giant Xstrata saw profits fall in the first half of the year after it was hit by a drop in commodity prices as well as increasing costs.

  • Rio Tinto beats earnings forecast but costs rise

    Tuesday 07 Aug 2012

    Rio Tinto, the mining and resources giant, has managed to beat market expectations on earnings but admits price pressures are a problem.

  • Commodities: Crude jumps to 12-week high

    Tuesday 07 Aug 2012

    Oil futures surged to a 12-week high on Tuesday as the dollar weakened and short-term supply worries pushed up prices.

  • Broker snap: Nomura downgrades StanChart by two notches

    Tuesday 07 Aug 2012

    Nomura has downgraded its rating for Standard Chartered (StanChart) from 'buy' to 'neutral' on the back of the allegations of dealings with Iran by the emerging markets lender.

  • Legal and General hikes divi as profits grow

    Tuesday 07 Aug 2012

    Life insurance and pensions group Legal and General hiked its interim dividend by almost a fifth as the group expressed 'resilience' amidst tough conditions.

  • BTG takes a hit after Astra halts CytoFab development

    Tuesday 07 Aug 2012

    Specialist healthcare group BTG revealed on Tuesday that it will take a one-off charge after disappointing results from its 'CytoFab' study meant that further development of the drug has been halted.

  • Standard Chartered refutes Iran allegations, plummets 15%

    Tuesday 07 Aug 2012

    Emerging markets focused banking titan Standard Chartered has been called to task by the US banking regulator for alleged collusion with the government of Iran to hide transactions from the US authorities.

  • London close: Credit Suisse thinks defensive-led rally will continue

    Monday 06 Aug 2012

    - Greece making progress - RBS up on US sale rumours - StanChart in the spotlight over Iranian transactions

  • Broker tips: IAG, AstraZeneca, Berkeley

    Monday 06 Aug 2012

    Credit Suisse has downgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, from 'outperform' to 'neutral' on the back of risks to 2013 consensus estimates.

  • FTSE 100 movers: RBS and Barclays move to the fore

    Monday 06 Aug 2012

    Royal Bank of Scotland is moving higher after The Sunday Times reported that Brazil´s Banco Itau could be sizing up the lender´s US operations. Those assets could fetch a price of 10bn pounds the paper reported.

  • Broker snap: Credit Suisse downgrades IAG on 2013 concerns

    Monday 06 Aug 2012

    Credit Suisse has downgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, from 'outperform' to 'neutral' on the back of risks to 2013 consensus estimates.

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