LONDON (Alliance News) - The FTSE 100 ended modestly higher Friday ahead of a holiday weekend, having closed in positive territory every day this week. Throughout the week, the blue-chip index has been boosted by strong performances in turn by some of its key individual constituents, and Fr Read More
LONDON (Alliance News) - Lloyds Banking Group PLC Friday said Deputy Chairman David Roberts will stand down in order to become the chairman of Nationwide Building Society. In a statement, Lloyds said Anita Frew, a non-executive director on the board since December 2010, is to succeed Robert Read More
LONDON (Alliance News) - Royal Bank of Scotland Group PLC Friday said first-quarter pretax profit doubled, helped by lower operating expenses and a significant reduction in impairment losses, as the part-nationalised bank's creation of an internal "bad bank" aids its gradual recovery. RBS s Read More
LONDON (Alliance News) - <strong>InterContinental Hotels</strong> Group saw its share price jump Friday after the company declared a USD750 million special dividend and reported strong results for its first quarter. <br /><br />IHG's dividend comes after the firm completed two asset disposals Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>InterContinental Hotels</strong> Group, up 8%. The company has reported that revenue pe Read More
LONDON (Alliance News) - The following is a summary of top news stories Friday.<br />----------<br /><strong>COMPANIES</strong><br />---------<br /><strong>AstraZeneca</strong> PLC rejected Pfizer Inc's second bid for the company, saying that despite Pfizer raising its bid to GBP50 per share i Read More
LONDON (Alliance News) - UK stocks are trading marginally higher Friday, with a strong update from Royal Bank of Scotland and continued merger talk in the pharmaceutical sector trumping concerns over a deteriorating situation in Ukraine. Markets as a whole remain relatively subdued ahead of Read More
LONDON (Alliance News) - UK shares have opened flat to slightly higher Friday, as pharmaceuticals and banks continue at the forefront.<br /><br />Pfizer confirmed that it has made an increased offer for <strong>AstraZeneca</strong> PLC of GBP50 per share, in cash and Pfizer shares. Pfize Read More
LONDON (Alliance News) - Royal Bank of Scotland Group PLC Friday said first-quarter pretax profit doubled, helped by lower operating expenses and a significant reduction in impairment losses. In a statement, RBS said first-quarter pretax profit increased to GBP1.64 billion from GBP826.0 mil Read More
LONDON (Alliance News) - UK stocks indices are set to start quietly Friday, ahead of the monthly US non-farm payrolls report to come this afternoon. The FTSE 100 is expected to open unchanged at 6,809, says CMC Markets. At the individual stock level, the banks will be in focus after R Read More
LONDON (Alliance News) - London's major stock indices closed higher and the pound reached a fresh multi-year high against the dollar Thursday, as UK data showed the manufacturing sector expanding quickly and the housing market continuing to boom.<br /><br />The UK's main stock indices opened h Read More
LONDON (Alliance News) - Lloyds Banking Group PLC Thursday said it would float at least a quarter of TSB by the end of June, as it reported better underlying earnings for the first quarter thanks to higher net interest income and a lack of further payment protection insurance provisions. Th Read More
LONDON (Alliance News) - UK stock indices are modestly higher Thursday, led by the banks as Lloyds says its underlying profitability is improving. At the same time the pound has pushed to fresh multi-year highs against the US dollar as data shows the UK manufacturing industry expanding fast Read More
LONDON (Alliance News) - The Bank of England Tuesday said it will test whether some of the UK's biggest banks and building societies are able to withstand scenarios including a house price collapse or a sharp rise in interest rates, as it detailed its future so-called stress tests. Institut Read More