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FTSE down on multi-sector falls, RBS shines

FTSE indices closed down as falls in the energy and retail sectors decided direction, with miners and commercial property also lower, as Royal Bank of Scotland’s shares booked stellar gains. RBS (RBS) rose 10.77% to 364.2p on expected pretax profits doubling to £2.6bn in H1. The improved performance was on more favourable credit conditions and […]

FTSE tiptoes lower as energy issues offset RBS gains

FTSE indices were down midday, albeit not much off the mark, as falls among energy-related and commercial property outfits more than offset a dapper performance by Royal Bank of Scotland (RBS). RBS jumped 12.4% to 369.8p on expected pretax profits doubling to £2.6bn in H1. The improved performance was on more favourable credit conditions and […]

Centrica to sell Ontario home services business

Centrica’s North American subsidiary, Direct Energy, has agreed to sell its Ontario home services business to EnerCare C$550 million (£300 million). Direct Energy currently has nearly 1.9 million home services contracts in Ontario, to provide a range of plumbing, heating, ventilation, air conditioning and other related services. The majority of customers are served through a […]

FTSE firms as Reed Elsevier leads, financials follow

FTSE indices closed mildly firmer with Reed Elsevier (REL) the torchbearer, followed by a string of financial-sector stocks, as Wall St got off to a tepid start. At 5 p.m., the FTSE 100 was up 23.31 points, or 0.34%, to 6821.46, and the FTSE 250 was up 22.73 points, or 0.14%, to 15,748.7. In the […]

Mining Sector: Berkeley rises after quarterly update

Berkeley Resources (LON:BKY) was up in late trading after it issued a quarterly report for the period ended 30 June. The company’s primary focus during the period continued to be the advancement of the Salamanca project located in Spain. Highlights during the quarter include: * Exploitation concession (‘mining licence’) for Retortillo granted by regional government: […]

Centrica update on CEO succession

Centrica has confirmed it has been and continues to be in talks with Iain Conn about the possibility of him succeeding Sam Laidlaw as chief executive. BP announced earlier today that Conn would step down from the board by the end of year. Conn has had a career of 29 years with BP, serving on […]

FTSE posts tepid gains as blue-chip news underwhelms

FTSE indices were up albeit with little momentum following a string of underwhelming blue-chip news, which retarded gains as UK retail sales data failed to inspire sector gains. Near noon, the FTSE 100 was up 7.04 points, or 0.1%, to 6805.19, and the FTSE 250 was up 7.07 points, or 0.04%, to 15,733.0. In the […]

BP buys back shares

BP bought back 870,000 ordinary shares yesterday at prices ranging from 501.70p to 495.20p apiece for cancellation. At 9:53am: (LON:BP.) BP PLC share price was +1.05p at 501.85p Story provided by

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