Weak Banks Offset Strong Miners, Reports shareprices.com : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Weak Banks Offset Strong Miners, Reports shareprices.com

March 30, 2010

Weak Banks Offset Strong Miners, Reports shareprices.com
shareprices.com

London, UK (RPRN) 03/30/10 — Despite housing prices in the UK bouncing back in March, recording a 0.7% rise compared with a 0.8% fall in February and, year-on-year prices rising 9% compared with the same month last year, the news did little to inspire London investors and shortly after midday the FTSE 100 index was marginally in the red, down 2.12 points or 0.04% to 5,708.54, shareprices.com can report, a free online resource providing share information on all FTSE 100, 250 and 350 London Stock Exchange listed companies.

The fall was regardless of strength in the mining sector with BHP Billiton being one of several risers after it announced that it had persuaded the majority of its Asian iron ore customers to switch to shorter term contracts, lifting its Share Prices up 30.5p or 1.35% to 2,298p. Traditionally, iron ore customers have preferred to negotiate contracts on an annual basis, so the latest move was seen as a victory not only for BHP Billiton, but for the mining industry as a whole.

Part-nationalised banks Royal Bank of Scotland (RBS) and Lloyds Banking Group, respectively 81% and 70% owned by the Treasury, continued their retreat. RBS was down 0.45p or 1% to 44.33p (more than likely subsequent to its £28 million fine announced this morning) and Lloyds down 1.24p or 1.96% to 62.01p on concerns of what the next Government might do following the General Election. According to economists, if the Government was to wait two years or more before selling its stakes in the banks it could make a substantial profit of £50 billion, but even if share prices do rise sufficiently the Government may have difficulty selling of its stock at market value.

Shareprices.com has been launched following the huge success of its predecessor onlinesharedealing.net, and provides free share information on Share Prices and all London Stock Exchange listed companies, sectors and FTSE indices and makes Buy Shares a simple and quick process.

The site also offers a detailed news section that is updated daily and provides information about risers and fallers from the previous days trading as well as allows users to compare various brokers.

For more information please visit shareprices.com

 

Media Contact Name: Punch Communications
Media E-mail:
Media Phone: 01858411600
Media Web Address: www.punchcomms.com
Company Contact Name: Shareprices.com
Company Web Address: www.shareprices.com
Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, Career/job/work, Economy, PRESS RELEASE, United Kingdom

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Newborn Foundation Featured on Global Health Panel at Annual Patient Safety Science and Technology Summit

SAINT PAUL, MN and IRVINE, CA-- 01/23/15 ·  - The Newborn Foundation, an international nonprofit leveraging medical...

Cape Coral Waterfront Estate Known as “The UPS House” to be Sold at February 10th Absolute Auction

Fort Myers, Florida 01/21/15 · Truck Driver Turned Executive Selling Florida Riverfront Dream...

Studio One selects Visual 2000 End2End Suite of Fashion Business Solutions

LONDON, UK 01/20/15 · Visual 2000 International announces manufacturer Studio One  are...

CPD Seminar: How Skill Trade Workers Will be Effected by Express Entry

Vancouver, BC - 01/19/15 · Ashton College Announces Seminar Addressing Express Entry - New...

Dr. Ken Pool, IT Pioneer, dead at 62, leaves a rich legacy in health data standards and public health

ARLINGTON, TX 01/17/15 · With deep sadness  OZ Systems announces the sudden passing...

Dr. Ken Pool, Founder and Chairman of Dallas-based OZ Systems, Dies at 62

ARLINGTON, TX 01/16/15 · It is with deep sadness that OZ Systems announces...

Real Estate Auction – Is It Right for You?

Charlotte, NC 01/12/15 · Luxury homeowners looking to sell their estates face...

Philippines to Host Largest Crowd in Human History

Manila, Philippines 01/12/15 · The largest gathering of humans ever recorded will...

First Dedicated Canadian Bitcoin Price Index Launched

Vancouver, BC 01/08/15 · The Canadian Bitcoin Index (CBIX) created by Vancouver...

OnServe & Learning Brick has expanded to Niagara/Southwestern ON.

Kingston, ON 01/06/15 · Onserve is your trusted IT services company in...

Music Host Network Wants Writers Now!

LOS ANGELES 01/06/15 · The Music Host Network, a music media site...

Identify genuine web traffic from bots and botnets

SAN FRANCISCO 01/06/15 · As a provider of high-quality web traffic, Traffic...

Author Manfred Popp publishes - You can do what I did: lose weight, improve your health, stay fit -

Gaimersheim / Germany 01/06/15 · New book from author Manfred Popp about Weight...