Archive for July 12th, 2010
London markets gain on BP news
European equities markets were mostly higher Monday, although some investors were hesitant to make commitments ahead of corporate earnings reports, which are scheduled to begin being released soon.
The FTSE 100 was 0.66 percent higher to 5,167.02 in London, while the FTSE 250 gained 0.29 percent to 9,774.16.
Troubled oil company BP (LSE: BP) led gains on [...]
S&P affirms “AAA” rating for UK
Rating agency Standard & Poor’s (S&P) today affirmed its “AAA” long-term rating on Britain but maintained its negative outlook on the long-term rating.
Following the news, the pound fell to $1.5017 from $1.5068.
Commenting on its announcement, S&P analysts Trevor Cullinan and David Beers, said: “The coalition government has set out what we view as a [...]