London close: Rally continues as Greek fears ease

The rally continued Thursday, helping the top share index move back towards the 6,000 point mark it had been flitting around from the beginning of the year until the escalation ...

German banks could unveil Greek aid pact with government

German Finance Minister Wolfgang Schauble is set to make an announcement Thursday afternoon concerning the involvement of private investors in the rescue of Greece, news agencies report. The financial press has ...

US jobless claims higher than expected

Initial unemployment claims in the US fell by 1,000 to 428,000 in the week leading to June 28, according to the data release by the Labor Department. The market consensus estimate ...

Greece pushes through next stage of austerity plan

MPs in Athens have cleared the way for Greece to receive vital financial aid after passing a bill that that implements the austerity measures they approved on Wednesday. After voting yesterday ...

UK consumer confidence declines in June

British consumer confidence slumped in June, after the excitement of the Royal wedding and a series of public holidays waned, and households continued to remain concerned about the bleak economic ...

House prices unchanged in June

House prices were flat in June and down by 1.1% from the levels they sat at a year ago, new data from the Nationwide shows. Nationwide chief economist Robert Gardner said ...

Big fall in US crude and derivative inventories

Crude oil inventories fell by 4.4 million barrels last week, according to the data released by the US Department of Energy on Wednesday. Gasoline inventories fell by 1.4 million while distillates ...

London open: Lloyds leads the rise after review

Lloyds Banking Group was the high riser of the morning after revealing the details of its strategic review. The Footsie opened up near the 5,900 mark, a level not seen ...

FX round-up: Euro makes gains but fears persist

On the currency markets the saga of the euro continued as the shared currency made gains following the Greek parliament's decision to pass a round of austerity cuts. Greece wasn't the ...

London close: Big gains after Greek vote

Stocks finished with hefty gains after the Greek parliament voted to pass austerity measures. The vote had been widely expected, but nevertheless prompted a large sigh of relief from investors. In stocks ...
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