The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent
London Stock Exchange
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Wednesday 09 February 2011
Beazley, the Lloyd's of London insurer, said yesterday it was on the hunt for deals as bankers eye a boom in mergers and acquisitions among companies that do business at the 320-year-old insurance market.
Thursday 03 February 2011
Do I know him?
Friday 28 January 2011
Monday 24 January 2011
Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.
Monday 17 January 2011
From the business point of view, BP has moved with commendable dispatch to identify new opportunities, following its debacle in the US. Regardless of how the various inquiries find – and the first was less damning of BP than many expected – the company's name will be sullied there for a long time. Looking east, to a Russia once again interested in joint ventures, is a canny course to take.
Wednesday 12 January 2011
Our compliments to David Buik, the BGC Partners commentator who has been doing such sterling work defending the bankers and their bonuses in recent days. Still, yesterday's blog didn't quite make sense. Entitled "Bob Diamond – Androcles in the lion's den, I don't think so", Buik forecast there would only be one winner in the battle between Bob Diamond and the Treasury Select Committee: the Barclays man. But the point of the famous tale is that Androcles was the winner – he was pardoned in the gladiatorial arena after a lion which he had once cared for refused to attack him. Time to spend a bit of that City pay packet on a decent book of fables.
Saturday 08 January 2011
Thursday 30 December 2010
The amount of money raised in UK initial public offerings this year is 500 per cent up on 2009, with investors pumping £10.1bn into 89 companies listing on the London Stock Exchange's main market or on the Alternative Investment Market.
Wednesday 08 December 2010
We're not sure what to make of Cathal Morrow, who has come up with a novel idea for a protest against all that is wrong with our financial system. He plans to float himself on the London Stock Exchange – as Me Me Me plc – and is soliciting support from would-be shareholders.
Saturday 04 December 2010
The classroom technology group Promethean World has discovered the downside of a public listing in its first year after a profits warning sent shares crashing over 30 per cent.
Friday 19 November 2010
Xavier Rolet, chief executive of the London Stock Exchange, is squaring up for a potential legal battle with rival derivative exchanges as he prepares the company to take on their businesses.
Wednesday 03 November 2010
Shares in the Falklands-focused oil explorer Desire Petroleum bounced back yesterday, gaining more than 10 per cent despite the apparent failure of a closely watched sidetrack well at its Rachel prospect in the South Atlantic.
Wednesday 03 November 2010
Fears of Europe being hit by strict regulations on internet gambling caused one of the sector's biggest names, PartyGaming, to take a tumble last night.
Sunday 31 October 2010
The FTSE has set tough new rules for foreign companies planning to list on its major indices, which will change the structures of a swathe of London flotations next year.
Tuesday 26 October 2010
There was really only one game in town yesterday, as a surge in London's miners dominated the FTSE 100. Seven of the top 10 risers were in mining, as commodity prices stormed higher.
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