Finance Matters » Elaine Frei

Barclays leads London banks lower as European banks decline

Elaine Frei — Tue, 07 Sep 2010 17:31:03 +0000

European equities markets were lower on Tuesday as concerns returned that the debt crisis in some nations in the region could hurt economic recovery around the world. Banks all over the region declined on analyst comment that a default by even one nation could destroy trust in all banks. London banks were lower, led by [...]

Soco International drops most in energy sector

Elaine Frei — Fri, 03 Sep 2010 17:20:38 +0000

European equities markets were up Friday on employment news from the United States, although that data was mixed, showing that private employers added 67,000 jobs in August, more than expected, but that the US economy overall lost 54,000 jobs for a second consecutive monthly decline and the unemployment rate was up to 9.6 percent. The [...]

Go-Ahead Group leads travel, leisure sector higher in London

Elaine Frei — Thu, 02 Sep 2010 17:49:21 +0000

European equities markets were mixed Thursday after the European Central Bank held Eurozone interest rates at 1 percent and issued a higher growth outlook for the region, while Sweden’s central bank hiked rates there to 0.75 percent from 0.5 percent, the second consecutive increase from Riksbank. Better economic news from the US helped gains in [...]

Cable & Wireless Worldwide, TUI Travel up on sale rumors

Elaine Frei — Wed, 01 Sep 2010 17:12:53 +0000

European equities markets saw significant gains Wednesday as investors ignored disappointing news in the region in favor of better news from around the world as purchasing managers indexes in the US and China were higher in August. In the US, the Institute for Supply Management said its manufacturing index was at 56.3 in August, up [...]

Cable & Wireless Worldwide leads telecoms higher in London

Elaine Frei — Fri, 27 Aug 2010 17:16:22 +0000

European equities markets made gains Friday after the US Commerce Department reported that the US economy grew by 1.6 percent in the second quarter, a little more than expected, and on comments from Federal Reserve Chairman Ben Bernanke. Bernanke said in his opening remarks to a symposium of central bankers from around the world being [...]

Developer SEGRO declines on industrial vacancies

Elaine Frei — Thu, 26 Aug 2010 17:27:04 +0000

European equities markets were up Thursday as investors were cheered by a US Labor Department report showing that there were 31,000 fewer first-time filings for unemployment benefits in the US last week, the first decline in a month as 473,000 people claimed jobless benefits for the first time. The FTSE 100 was up 0.91 percent [...]

BP down on new US deepwater drilling regulations

Elaine Frei — Wed, 25 Aug 2010 17:32:56 +0000

European equities markets were lower again Wednesday on more bad economic news from the United States as new home sales dropped to the lowest on record in July, while durable goods orders rose there last month, but by much less than had been forecast. After the National Association of Realtors reported yesterday that existing home [...]

Wolseley drops 5 percent on FTSE 100

Elaine Frei — Tue, 24 Aug 2010 17:20:24 +0000

European equities markets were lower Tuesday after a report from the National Association of Realtors which showed that existing home sales in the US fell 27 percent in July, double the expected decline, casting doubts on the state of the economic recovery. The FTSE 100 was 1.51 percent lower to 5,155.95 in London, while the [...]

Insurer Amlin drops on decline in first-half profits

Elaine Frei — Mon, 23 Aug 2010 17:19:00 +0000

European equities markets were higher Monday. The FTSE 100 was 0.76 percent higher to 5,234.84 in London, while the FTSE 250 added 0.67 percent to 9,826.15. Most of the insurance sector saw gains, but Amlin (LSE: AML) fell 3.25 percent after it reported that first half profits were down 39 percent on a near-doubling of [...]

Dana Petroleum gains on new bid from Korea National Oil Corp

Elaine Frei — Fri, 20 Aug 2010 17:21:03 +0000

European equities markets were lower Friday as investors continued to worry about US reports on jobless claims and manufacturing activity which have raised more concerns about how well the economy is really recovering from recession. The FTSE 100 was 0.31 percent lower to 5,195.28 in London, while the FTSE 250 was down 0.75 percent to [...]

Finance Matters » Elaine Frei

Barclays leads London banks lower as European banks decline

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