London midday: Stocks advance as rate-hike speculation eases
13th Aug 2014 12:08
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - Banking stocks lead upside techMARK 2,736.01 +0.28% FTSE 100 6,661.68 +0.44% FTSE 250 15,528.53 +0.41% An overall dovish tone to the Bank of England's (BoE) Inflation Report gave UK st
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreLondon pre-open: Geopolitics, Asian data to weigh on stocks ahead of BoE
13th Aug 2014 07:53
UK stocks are expected to open with small losses on Wednesday with investor risk appetite subdued ahead of the Bank of England's Inflation Report. Ongoing geopolitical concerns and a wave of economic data from Asia were also likely to be dampening sentiment in morning trade. City sources predict
Read moreAdmiral sees higher premiums but margins fall - UPDATE
13th Aug 2014 07:25
Car insurer Admiral forecast a rise in premiums in the next few months but said margins on business secured this year were lower. Admiral, which also owns price comparison site Confused.com, said there were signs in the UK that premiums had halted a decline sparked by tough competition as companies
Read moreWednesday preview: Investors seeking contract news from G4S
12th Aug 2014 17:20
Investors will be looking for news of UK government deals when security group G4S reports half-year results on Wednesday. Doubts have hung over G4S's ability to win state contracts since the company failed to provide enough security staff for the 2012 London Olympics and faced allegations of overch
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreFTSE 100 movers: Imperial Tobacco rises on Reynolds-Lorillard talks
11th Jul 2014 15:25
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the S
Read moreLondon close: Insurers lead FTSE to negative finish
9th Jul 2014 16:59
- FTSE 100 closes down 20.41 at 6,718.04 - Admiral and Aviva lead downside - Attentions turn to tonight's Fed minutes techMARK 2,782.15 -0.43% FTSE 100 6,718.04 -0.30% FTSE 250 15,549.63 -0.66% It was a weak finish for the top tier index, which dropped below the 6,700 level in the first hour of tr
Read moreFTSE 100 movers: Admiral and Aviva lead the way lower
9th Jul 2014 15:39
Car insurer Admiral slid lower after delivering a gloomy outlook as it reported a decline in revenues in the first half, saying that a return to growth in premiums still remained elusive. Despite higher customer numbers, turnover fell from £1.1bn to £1bn in the first six months of the year, as premi
Read moreSector movers: Insurers drop as Admiral and Aviva disappoint
9th Jul 2014 14:43
Sinking share prices of Admiral and Aviva ensured that the insurance sector was firmly in the red on Wednesday afternoon. "Insurers are feeling the brunt of the bearishness today," said Will Hedden, Premium Client Manager at IG. Motor insurance group Admiral disappointed the market with a gloomy o
Read moreBroker tips: Shire, Admiral, TSB, Provident Financial
9th Jul 2014 12:37
Following an improved offer of £51.15 for Shire from US suitor AbbVie, broker Panmure Gordon examined the case for whether a bid nearer £60 would be out of the question. Life sciences analyst Savvas Neophytou called the latest bid "inadequate" and said it would probably be rejected by Shire's board
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreCanaccord downgrades Admiral on cautious outlook
9th Jul 2014 09:43
A "cautious outlook" from Admiral has prompted Canaccord Genuity to downgrade its rating for the insurer from 'hold' to 'sell', saying that it sees downside risks to its forecasts. Admiral said on Wednesday that first-half turnover fell 9% to £1bn despite an increase in customer numbers, as premium
Read moreLondon open: Admiral leads markets lower as investors await Fed minutes
9th Jul 2014 09:00
- Admiral shares drop as H1 revenues fall - Markets await FOMC minutes for rate-hike clues - Chinese inflation eases - Alcoa beats forecasts as Q2 earnings season gets underway techMARK 2,783.11 -0.39% FTSE 100 6,721.47 -0.25% FTSE 250 15,601.53 -0.33% UK stocks fell for a third straight day on We
Read moreLondon pre-open: Small dip expected on FTSE early on
9th Jul 2014 07:42
Tracking losses in the US and Asia last night, London-listed stocks are set to move lower at this morning's opening bell, extending their own declines seen in yesterday's session. However, the move lower is predicted to be a modest one, with City sources predicting the FTSE 100 will open just one
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