FTSE

Shares in British banks were down on the FTSE 100 in morning trading as investors continued to fret about the prospects of economic recovery.

Shares in WPP were down on the FTSE 100 in morning trading despite the company reporting a rise in pre-tax profit of 36 per cent in the first half of the year.

Robert Swannell a Citigroup banker, former vice-chairman in Europe, is to take over from Sir Stuart Rose as M&S' next Chairman from next year when Sir Stuart steps down.

Potash (Potassium Carbonate) and phosphate company PotashCorp is fending off a bid from BHP today driving stocks and shares on the FTSE higher after Marius Kloppers, the chief executive of the mining company said that he would take his bid for the fertiliser maker to its shareholders.

Shares in WPP were up on the FTSE 100 in afternoon trading ahead of the advertising firm's half year results, due out tomorrow.

Britain's 'debt boom' is set to follow the credit crisis after banks began to offer families heavily in debt with cheaper and cheaper credit a survey has suggested.

Shares in British banks were up on the FTSE 100 in morning trading following reports that HSBC is considering buying a majority stake in South African company Nedbank.

Shares in Bovis Homes were up on the FTSE 250 in morning trading after the housebuilder reported a return to profit in the half year ended 30 June.

Dana Petroleum, the company in the midst of a hostile takeover from Korea National Oil Corp (KNOC) will release its interim results on Friday including a full disclosure on its plans to develop North Sea oil assets bought from Suncor recently that will see pressure placed on KNOC to up its bid.

Koreans are going hostile after Dana Petroleum, a British FTSE 250 company that has refused a bid for its oil and gas exploration in the North Sea and Africa.

Shares in Mitchells & Butlers were down on the FTSE 250 in morning trading after the company announced that it would be selling 333 of its non-core pubs to Stonegate Pub Company Limited for £373 million. Stonegate itself is controlled by TDR Capital LLP.

Harry Potter is to see good growth in Cineworld revenues later this year as a first half marred by World Cup spending, put profits on level terms compared with last year's £11-12 million.

Shares in British banks were mixed in morning trading on the FTSE 100 after sharp drops caused by uncertainty about the state of the global recovery.

Newspaper distributor John Menzies has seen a trebling of profits recently after a good first half performance.Revenue for the six months to June 2010 was £924.0 million from £821.3 million and pre-tax profits was up to £20.6 million on aviation growth in its Cargo division.

Shares in Essar were up on the FTSE 100 in morning trading after the company reported a drop in it's a pre-tax profit in the half year period ended 30 June, despite a significant rise in revenue in the period.

Shares in British banks were mixed in morning trading on the FTSE 100 as investors continued to act cautiously in the face of an uncertain global economic recovery.

Shares in Eurasian Natural Resources were down on the FTSE 100 in morning trading after the miner reported a rise in pre-tax profit for the first half of 2010.

RBS, Royal Bank of Scotland, Government-owned is lining up a bid for the football team which owes it over two thirds of all its debts.

Shares in British banks were down on the FTSE 100 in morning trading, helping to drag the index down after a positive start caused by some merger activity in the mining sector sparked some optimism.

Shares in Michael Page International were down on the FTSE 250 in morning trading after the recruitment firm reported a surge in pre-tax profit for the half year ended 30 June.

Aviva - sponsors of the UK Athletics - has rejected a £5bn bid for its general insurance business after RSA - it's FTSE 100 rival bid for a slice of its sprawling 'composite' business.

Shares in Michael Page International were down on the FTSE 250 in afternoon trading ahead of the recruitment firm's half year results, due out on Monday morning.

Sir Philip Green is to lead a team of civil servants in a Government spending review as the 'enterprise tzar' - owner of Arcadia Group - will examine spending over the last five years.

Shares in British banks were broadly up on the FTSE 100 in morning trading, following gains on the stock market yesterday afternoon.

Shares in De La Rue were down in morning trading on the FTSE 250 following yesterday's announcement that CEO James Hussey had resigned with immediate effect.

Shares in Dana Petroleum were down in afternoon trading on the FTSE 250 after it said it would not be supporting a £1.7 billion takeover bid from the state owned Korea National Corp (KNOC).

CML, the Council of Mortgage Lenders has downgraded its forecasts for the year by £10 bn to £140bn after finding less confidence in the second half of the year than previously thought.

Shares in Prudential were up in morning trading on the FTSE 100 after the insurance giant reported a rise in operating and underlying profit in the first half of the year.

As Liverpool's bidding war enters its second week, Kirdi and Kuang are set to fight it out after the two emerged as frontrunners.

Shares in Prudential were down on the FTSE 100 in afternoon trading, ahead of the group's first half results, which are due out tomorrow.