London midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreMonday newspaper round-up: Greece, Barclays, Anglo American...
13th Aug 2012 06:50
Germany will block any new aid to ailing Greece if Athens does not fully comply with the terms of previous rescue packages, even if other countries support unlocking funds, a senior lawmaker said Sunday. The deputy head of Chancellor Angela Merkel's conservative parliamentary bloc, Michael Fuchs, to
Read moreThursday broker round-up
9th Aug 2012 08:14
AMEC: Shore Capital downgrades to hold. Anglo American: Nomura cuts target from 2,500p to 2,200p, neutral rating kept. Aquarius Platinum: Nomura initiates with neutral rating and 35p target. BBA Aviation: Jefferies cuts target from 250p to 230p, buy rating kept. BTG: finnCap downgrades to sell.
Read moreLondon close: Footsie at four-month high despite StanChart slump
7th Aug 2012 17:11
- StanChart makes headlines on Iran dealings, shares tank - Evraz jumps on positive read-across from steel peers - Juncker says Greek exit manageable The Footsie rallied in afternoon trade on Tuesday to close at a four-month high in spite of some weakness in the banking sector on the back of a mass
Read moreFTSE 100 movers: Standard Chartered plunges
7th Aug 2012 14:15
Emerging markets-focused banking titan Standard Chartered fell after the US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Nomura, Oriel Securities and Bank of America all downgraded their ratings on the stock this morning. ?? Nomura cut
Read moreAtkins CEO doubles shares after profit warning
3rd Aug 2012 16:45
Dr Uwe Krueger, the Chief Executive Officer of WS Atkins, the FTSE 250 design and engineering consultancy, doubled his stake in the company on the same day it was forced to issue a profit warning. Kruegar, who has occupied his role for one year, added another 10,000 shares to his previous holding
Read moreFTSE 100 movers: Miners lead the way
31st Jul 2012 14:25
Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning. A notable exception was Mexico-focused precious metals miner Fresnillo, which drop
Read moreBroker tips: Pearson, Anglo American, Hammerson
30th Jul 2012 12:52
Publishing group Pearson was a heavy faller on Monday, extending its losses following its first-half results on Friday. Sentiment has been dampened today after Nomura reiterated its 'reduce' rating on the stock, saying that shares are 'richly priced'. The broker noted in a research report that grou
Read moreLondon midday: Stimulus hopes drive risk appetite
30th Jul 2012 12:03
- Juncker says leaders have 'no time to lose' - Markets await policy decisions by ECB and Fed - Yields fall at Italian bond auction European stock markets were making moderate gains on Monday morning as risk appetite increased on the back of hopes of central bank action this week in Europe and the
Read moreBroker snap: Credit Suisse pares forecasts for Anglo American
30th Jul 2012 10:53
Credit Suisse has lowered its price target for diversified miner Anglo American from 2,500p to 2,200p after slashing its forecasts on the back of lower volumes within copper and iron ore. The broker said that Anglo is expected to lag peers on volume growth over the next two years (2-3% per annum in
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreLondon open: Central bank hopes drive gains early on
30th Jul 2012 08:26
- Leaders have 'no time to lose', says Juncker - Markets await ECB decision on Thursday - QE3 hopes drive gains UK stocks rose in early trading on Monday on the back of hopes that the European Central Bank (ECB) will act this week to stem the Eurozone crisis. Eurogroup head Jean-Claude Juncker sai
Read moreLondon close: Stocks rally as euro leaders vow to battle crisis
27th Jul 2012 16:59
- Merkel, Hollande pledge lifts markets - Bundesbank still opposed to ECB bond-buying - Barclays surges after half-year beat Markets rocketed on Friday afternoon after European leaders showed their commitment to protect the Eurozone and US economic data beat expectations. German Chancellor Angela
Read moreFTSE 100 movers: Barclays profits beat expectations
27th Jul 2012 16:11
A contrite Marcus Agius, Chairman of under-fire bank Barclays, apologised for the company's involvement in the LIBOR fixing scandal as he unveiled half-year profits ahead of market expectations, causing shares to climb into the top spot. Adjusted profit before tax in the first half of 2012 rose 13
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