Yesterday, notes Mr Secker, the government launched a debt insurance plan for banks causing the FTSE to close up 66 points at 3915. RBS rocketed up from 6p to 29p while Lloyds also rose from 17.5p  to 75p. The government hopes the Asset Protection Scheme will boost lending by reducing banks’ uncertainty about the [...]

Britain’s FTSE 100 index closed up 33 points, to 3,848 in the previous session and is expected to open 20 to 30 points higher today, according to financial bookmakers. Part-nationalised Royal Bank of Scotland is likely to be the centre of attention as it is set to post a record UK corporate loss of up 28 billion [...]

The FTSE 100 index ended 129.31 points, or 3.2 percent lower, on Friday at 3,889.06, giving a loss of 7.2 percent for the week and 12 percent in total for this year.  The London Index reached 3907.36 – surpassing the previous low for the year which was 3956.7.  Market analysts predict that London’s leading index [...]

The FTSE 100 index ended 129.31 points, or 3.2 percent lower, on Friday at 3,889.06, giving a loss of 7.2 percent for the week and 12 percent in total for this year.  The London Index reached 3907.36 – surpassing the previous low for the year which was 3956.7.  Market analysts predict that London’s leading index [...]

The FTSE 100 index ended 129.31 points, or 3.2 percent lower, on Friday at 3,889.06, giving a loss of 7.2 percent for the week and 12 percent in total for this year.  The London Index reached 3907.36 – surpassing the previous low for the year which was 3956.7.  Market analysts predict that London’s leading index [...]

Yesterday, notes Mr Secker, the FTSE closed up 11 points at 4018.  After piercing the 4000 mark early on for the second day running, the index rallied back up around midday to close above the key level.  With banks leading the rise the highest faller was Old Mutual down 12.74 %.  This fall may [...]

The FTSE closed down 27.30 points, or 0.7 percent, at 4,006.83 on Wednesday. The FTSE, writes Greg Secker, 100 is predicted to open lower today by 4 to 11 points, after retreating for five sessions in a row. The Dow opened the day with an early decline in the morning session, as the index dropped [...]

Britain’s FTSE 100 index is seen opening 2 to 10 points lower on Wednesday according to financial bookmakers, after closing at its lowest level in three months in the previous session. The UK benchmark closed down 100.62 points, or 2.4 percent at 4,034.13 on Tuesday, retreating for the fourth straight session. The Dow opened yesterday with [...]

The FTSE 100 finished down 54 points to 4135. London’s leading shares ended well in the red as banks weighed on the benchmark index with Lloyds ending the day back in negative territory. By the end of the day, Lloyds fell back down again as fears grew that it may need more funds cover the black [...]

The FTSE 100 ended down 0.3 percent on Friday, led by banks dragged down by Lloyds Banking Group’s plunge on a worse-than-expected loss at its HBOS unit, while oil stocks offered a gleam of hope. The FTSE, writes Greg Secker, 100 closed 12.65 points lower at 4,189.59, after trading as high as 4,291.57. As an [...]