London open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreFTSE 100 movers: Smiths Group drops after results miss forecasts
17th Sep 2014 14:32
Engineer Smiths Group was leading the fallers on the FTSE 100 on Wednesday after missing expectations with a 5% fall in annual revenues to £2.95bn on the back of foreign exchange headwinds and a small disposal. Analysts at Deutsche Bank had expected a figure closer to £3.05bn. Beverage groups SABMil
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreBroker tips: ASOS, Vesuvius, Miners
16th Sep 2014 12:26
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. Numis, JPMorgan Cazenove, Cantor Fitzgerald and Peel Hunt have all reduced their targets for the shares. "With no profit growth and o
Read moreDeutsche Bank upgrades commodity forecasts, Anglo and Antofagasta
16th Sep 2014 09:42
Deutsche Bank has lifted its target prices for stocks across the UK-listed mining sector after upgrading most of its commodity price forecasts. As part of its review, it has lifted its rating for Anglo American from 'hold' to 'buy', raising its target price from 1,650p to 2,100p, and for Antofagasta
Read moreFTSE 100 movers: Barclays jumps after appointing new chairman
12th Sep 2014 16:15
Barclays jumped on the news it has appointed John McFarlane as chairman to replace David Walker, who will step down following the bank’s annual general meeting in 2015. McFarlane, who is currently chairman of Aviva and FirstGroup, will take on the role on 1 January. Engineer GKN was boosted by
Read moreLondon open: UK stocks bounce off three-week low but gains limited
12th Sep 2014 08:51
UK stocks edged higher on Friday but choppy trading continued with investors concerned about the potential impact from a 'yes' vote on Scottish independence next week. Supermarket stocks were among the best performers as Morrisons extended gains made the previous session, while banks advanced, thoug
Read moreLondon midday: Miners pull UK stocks lower after weak Chinese data
11th Sep 2014 11:56
Weakness in the heavyweight mining sector pushed UK equity markets into the red on Thursday, outweighing a decent performance by financial stocks. Underwhelming interim results from the likes of Morrisons and Next were also weighing on sentiment in London. The FTSE 100 was trading 0.4% lower at 6,8
Read moreLondon open: Stocks fall as investors turn cautious ahead of US non-farm payrolls
5th Sep 2014 08:28
The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreLondon close: FTSE closes slightly higher after construction, US data
2nd Sep 2014 17:11
- FTSE closes up 3.86 at 6,829.17 - Construction PMI better than expected - US data impresses techMARK 2,859.07 +0.02% FTSE 100 6,829.17 +0.06% FTSE 250 15,965.43 +0.05% The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahea
Read moreAnglo American open to takeover offers, says CEO
2nd Sep 2014 16:08
The boss of Anglo American has said that the mining group would be open to takeover offers if an attractive bid presents itself. In an interview with The Wall Street Journal, Mark Cutifani said that his role as chief executive is to "create value, however that may be shown". He said: "Our job is t
Read moreLondon midday: Stocks rise on UK construction data, ECB hopes
2nd Sep 2014 12:00
- UK construction PMI unexpectedly rises - Stimulus hopes high ahead of Thusday's ECB meeting - Weir lifted by Credit Suisse upgrade - Mining, supermarket stocks provide a lift techMARK 2,855.10 -0.12% FTSE 100 6,835.10 +0.14% FTSE 250 15,970.91 +0.09% UK stock rose for the third straight session
Read moreLondon open: UK stocks near two-month high as Weir and miners rise
2nd Sep 2014 09:08
- UK construction, US manufacturing data ahead - Weir upgraded by Credit Suisse - Mining stocks rise strongly techMARK 2,857.76 -0.03% FTSE 100 6,842.96 +0.26% FTSE 250 15,965.65 +0.05% UK stocks were closing in a two-month high on Tuesday morning, rising for the third straight day, as investors t
Read moreFTSE 100 movers: CSR rises on rumours
28th Aug 2014 16:14
Wireless technology group CSR jumped on rumours that the firm is considering a sale. According to the Financial Times, the UK chipmaker has received takeover offers from a number of rival semiconductor manufacturers and could fetch a price of as much as $3bn, compared with Wednesday's closing price
Read moreLondon midday: Profit-taking, Ukraine tensions hit UK stocks
28th Aug 2014 12:14
- Ukraine accuses Russia of invasion - Sentiment dampened by ECB uncertainty - CSR jumps on takeover hopes - Xaar plummets on weak guidance techMARK 2,838.91 -0.22% FTSE 100 6,799.21 -0.46% FTSE 250 15,898.75 -0.79% UK stocks retreated from an eight-week high on Thursday as renewed geopolitical te
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