London midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreLondon open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreLondon midday: Markets flat as nerves set in ahead of US jobs report
2nd Aug 2013 11:55
Markets were rangebound on Friday morning as investors scaled back risk appetite ahead of the all-important US jobs report due out this afternoon. Even a impressive reading of construction activity in the UK failed to give stocks a boost this morning; the UK construction purchasing managers' index
Read moreLondon open: Stocks flat as markets await US jobs, RBS sinks early on
2nd Aug 2013 08:24
Stocks opened tentatively on Friday morning with markets taking a pause as investors waited to see whether the ongoing improvement in US economic data would continue with the all-important employment report due out this afternoon. The momentum in the US economic recovery gathered pace this week wi
Read moreLondon close: Markets surge on upbeat data, policy decisions
1st Aug 2013 16:43
Markets rose strongly on Thursday as investors reacted to dovish comments from central banks across the globe, upbeat economic data and well-received results from UK banking group Lloyds. The FTSE 100 finished 61 points higher at 6,682 today, rising to levels not seen since the end of May. "The th
Read moreLondon midday: Markets rise with central banks in focus
1st Aug 2013 11:43
Stocks were making decent gains on Thursday morning, helped by some dovish remarks from the Federal Reserve and some stronger-than-expected data from China, with Lloyds leading the FTSE 100 higher after its first-half results. It's been a busy week on the macro-economic calendar with policy decisio
Read moreLondon open: Lloyds leads FTSE 100 higher early on
1st Aug 2013 08:56
Upbeat Chinese data and some impressive first-half results from Lloyds helped boost markets on Thursday morning, though the focus is likely to turn to central-bank decisions in the UK and Europe later on. "With the Bank of England and European Central Bank likely to announce uneventful policy decis
Read moreLondon midday: Investors take some money off the table
26th Jul 2013 12:01
The Footsie has dipped slightly into the red ahead of the 'opening bell' on Wall Street with a similar pattern to yesterday´s emerging, with equities in core European countries such as the UK and Germany on the back foot while periphery equities tend to outperform. Thus, this morning´s initial g
Read moreLondon open: Footsie comes off earlier moderate gains
26th Jul 2013 08:05
The FTSE began the morning with moderate gains of 0.5 per cent as markets tracked the rise overnight on Wall Street. That appears to have come on the heels of an article in The Wall Street Journal from noted Fed Watcher John Hilsenrath arguing that the US central bank will maintain the size of its a
Read moreAnglo American´s revenues drop as China slows
26th Jul 2013 07:34
Mining giant Anglo American has announced a 1 per cent drop in its top line to $16.193bn for the first half of 2013, with management highlighting the increasing uncertainty and volatility around the short-term outlook as China moves to a more sustainable growth path and model. Profit before taxes
Read moreLondon close: Markets fall but Shire leads late rally
25th Jul 2013 17:08
Markets closer firmly in negative territory on Thursday after corporate earnings came in mixed, but the FTSE 100 finished well off its intraday lows following a surge from Shire and upbeat economic data in the States. London's benchmark index finished 32 points lower at 6,588. Investors gave a pre
Read moreFriday preview: Anglo American and BG Group report
25th Jul 2013 15:50
Anglo American and BG Group will be in the spotlight on Friday as the FTSE 100 companies unveil their latest results. Ahead of its half-year interim statement, Anglo reported mixed second quarter production results last week as increases to copper, platinum and diamond output were offset by decline
Read moreFTSE 100 movers: Corporate earnings spark mixed reaction
25th Jul 2013 14:09
Mixed reactions to corporate earnings provided some sharp swings in share prices both ways on Thursday, with Rolls-Royce, Shire and Reed Elsevier rising strongly and Capita, Unilever, BT Group and Johnson Matthey falling into the red. Rolls-Royce Holdings jumped after reporting a 34% jump in pre-t
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