FTSE 100 movers: Glencore drags blue chips lower
19th Aug 2015 14:38
(ShareCast News) - Following the downbeat overnight sessions elsewhere, the FTSE 100 shot lower in early trade and by the afternoon had failed to crawl higher. By 1545, the blue chip index was down 1.35% at 6,438.07 points, with only a dozen companies' shares in positive territory. Leading the fall
Read moreAdmiral posts forecast-beating rise in first-half profit
19th Aug 2015 07:42
(ShareCast News) - Shares in Admiral Group rose after the insurer reported a forecast-beating 1% increase in first-half pre-tax profit as it benefited from growing customer numbers. Pre-tax profit for the six months ended 30 June was £186.1m, up from £184.9m in the first half of 2014 and beating con
Read moreWeek ahead: UK, US inflation reports to add fuel to hike debate
14th Aug 2015 11:34
(ShareCast News) - Several data prints during the coming will add more fuel to debates about interest rates hikes in the UK and US, with inflation figures and Federal Reserve meeting minutes keenly viewed around the world. There will also be a focus on Japan as it begins the week with second quarter
Read moreAdmiral, RSA, Direct Line driven north by premiums news and bargain hunters
21st Jul 2015 15:54
(ShareCast News) - Car insurers Admiral Group, RSA and Direct Line steered to the top of the blue chip leader board on Tuesday, sparked by a 5% rise in car insurance premiums in the second quarter. As well as the boost from insurance premiums announced by AA, Admiral was further lifted by bargain hu
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreHSBC picks out 9 stocks that will shine in upcoming earnings season
1st Jul 2015 13:51
With the market on tenterhooks regarding Greece, the forthcoming earnings season should help relieve some of the built-up tension and get investors focused on the fundamentals again, HSBC said in a note on Wednesday. The bank's top-down message on earnings is a positive one. "We expect a significan
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreThursday broker round-up
25th Jun 2015 16:55
ARM Holdings: Credit Suisse upgrades to outperform with a target of 1,300p. Admiral Group: Citi downgrades to sell with 1,335p target. Antofagasta: Stifel initiates at hold. Bellway: Jefferies upgrades to buy and raises target to 2,997p from 2,542p. LSE Group: RBS upgrades to outperform. Petrofa
Read moreFTSE 100 movers: Admiral hit by downgrade, Tesco higher on bid speculation
25th Jun 2015 13:29
UK stocks inched lower on Thursday as investors continued to fret over the Greek debt crisis, with creditors issuing an ultimatum to Prime Minister Alexis Tsipras. As of 14:00, the FTSE 100 was trading 0.3% lower at 6,825. Insurer Admiral declined after Citigroup downgraded the stock to 'sell' from
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
Read moreBroker Tips: Petrofac, Entertainment One, Admiral, Sage, Debenhams, Elementis
25th Jun 2015 10:43
Petrofac shares rose 3.2% on Thursday after Nomura upgraded the stock to 'buy' from 'neutral' and raised the price target to 1,130p from 765p. The broker said the valuation was undemanding in the context of an incrementally positive Middle East outlook and improved risk/reward of Integrated Energy S
Read moreCitigroup cuts Admiral to 'sell'; says stock is fully valued
25th Jun 2015 08:37
Citigroup downgraded Admiral to 'sell' from 'neutral' and cut the price target to 1,335p from 1,354p, saying it's a high-quality name, but fully valued. "Admiral is undoubtedly a high-quality business and has been the benchmark for the UK motor sector for several years. As a result, Admiral consiste
Read moreLondon open: Stocks snap winning streak as Greek hopes fade
25th Jun 2015 08:36
UK stocks snapped a five-day winning streak on Thursday morning as hopes for an overnight Greek debt deal were dashed, with Athens and its creditors failing to come to an agreement. The FTSE 100 was trading 0.21% lower at 6,830.50 early on. Greece remained "firm on its position", according to a Gre
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreAdmiral Group appoints Manning Rountree
16th Jun 2015 10:48
Car insurer Admiral group has appointed Manning Rountree as a non-executive director, pending regulatory approval. The former McKinsey & Company consultant's most recent position was at publicly listed White Mountains Insurance Group. Rountree will join the board's risk committee. Admiral chairma
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