London close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreSector movers: Thorntons surges as retailers rise
16th Feb 2012 15:53
Food and drug retailers were on the rise on Thursday as developments in Europe's crisis prompted investors to shift away from (relatively) 'riskier' assets such as mining stocks. Sector heavyweights Sainsbury, Morrison and Tesco were among the top 10 rising stocks on the FTSE 100 in afternoon tradi
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreWednesday broker round-up - UPDATE
15th Feb 2012 09:25
Essar Energy: Morgan Stanley upgrades to neutral from underperform. Anglo American: Citi downgrades to neutral from buy. International Consolidated Airlines: Credit Suisse raises target from 152p to 189p, neutral rating kept. InterContinental Hotels: Credit Suisse raises target to 1,521p from 1,
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreSector movers: Miners fall as a stronger dollar dampens metals prices
14th Feb 2012 14:46
Miners were the worst fallers of the day following Moody's mass downgrade of Eurozone nations. Ratings agency Moody's Investors Service last night downgraded six European sovereigns, Italy, Malta, Portugal, Slovakia, Slovenia and Spain, "in order to reflect their susceptibility to the growing finan
Read moreLondon midday: German ZEW survey provides a boost to UK stocks
14th Feb 2012 11:48
- German ZEW expectations index swings into positive territory. - Moody's downgrades six nations, cuts outlook for three others to negative. - Bunzl, Barclays higher after broker upgrades. After an initial slump on the back of a mass downgrade of European sovereigns by Moody's, a sharp rise was rec
Read moreLondon open: Moody's dampens sentiment early on
14th Feb 2012 08:55
- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreSector movers: Miners rise as Greek outlook improves
13th Feb 2012 14:48
Miners were the best performers of the day on Monday on the back of the improving outlook for Greece. Yesterday, Greek politicians voted to approve the austerity measures designed to cut €3.3bn from the deficit and achieve the approval of the issuance of the second financing package. The new €130bn
Read moreLondon midday: Stocks extend gains and banks, miners advance
13th Feb 2012 11:40
- Stocks rise as Greece approves austerity package. - Banks miss 'Project Merlin' lending targets. - Vodafone confirms potential takeover of C&W Worldwide. The Footsie was trading a whole percentage point higher by midday, with banks and miners extending gains from the morning session, following
Read moreLondon open: Stocks jump on Greek austerity vote
13th Feb 2012 08:21
- Stocks rise as Greece approves austerity package. - Vodafone confirms potential takeover of C&W Worldwide. - Miners track metal prices higher. UK stocks rose strongly on Monday morning following the news that the Greek parliament voted to approve the tough austerity measures needed to secure the
Read moreLondon pre-open: Greek deal to spark good start for FTSE 100
13th Feb 2012 07:27
City sources predict the FTSE 100 will open up 36 points from Friday's close of 5,852 after the Greek government voted in favour of a new set of austerity measures, including wage and pension cuts, which will form the conditions of a new bailout in a bid to prevent it from defaulting on its debts.
Read moreAnglo's platinum earnings take a hit in 2011
13th Feb 2012 07:02
Anglo American Platinum (AAP), the platinum group metals (PGMs) producing subsidiary of FTSE 100 mining giant Anglo American, saw the headline earnings fall from $674m to $527m in the full-year ended December 31st. As such, the contribution to Anglo American's underlying earnings has fallen to $410
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