London close: Gains pared after White House comments on 'fiscal cliff'
19th Dec 2012 16:57
The UK stock market staged a slight 'Santa rally' on Wednesday, with risk appetite increasing before Christmas on the back of a Greek ratings upgrade and a better-than-expected reading of German confidence. "Santa has returned to the markets, bringing some much needed cheer before the Christmas bre
Read moreFTSE 100 movers: Financials, IAG and CRH lead the risers
19th Dec 2012 15:31
Insurance and banking stocks were performing well on Wednesday afternoon after Credit Suisse upgraded its ratings on both sectors this morning. Lloyds was up 4% after the Swiss broker raised its view on European banks to 'benchmark' from 'small underweight', saying that the stock looks "abnormally
Read moreLondon midday: The 'Santa Rally' begins...
19th Dec 2012 11:35
An upgrade of Greece's credit rating and a better-than-expected reading of German sentiment saw European stock markets make impressive gains on Wednesday. Meanwhile, increasing optimism that US leaders can strike a deal to avert the 'fiscal cliff' was also continuing to bolster the bullish mood.
Read moreLondon close: Stocks rise as investors await the FOMC
12th Dec 2012 16:59
UK stocks finished Wednesday's session with decent gains, extending its recent winning streak into its sixth day, with investors widely expecting the US Federal Reserve to reveal more stimulus measures in the coming hours. The Footsie closed at its highest level since March 19th when it finished th
Read moreRandgold Resources CEO sells three million quid's worth of shares
14th Nov 2012 16:30
- Please note: This is a revised version of a story which previously contained information that was incorrect. After what has been a less-than-impressive year, the Chief Executive of FTSE 100 gold miner Randgold Resources, Mark Bristow, sold more than three million pounds worth of shares. Bristo
Read moreLondon close: Stocks finish flat as Eurogroup meets
12th Nov 2012 17:00
- Eyes turn to Eurogroup meeting - Greece approves 2013 budget - Japanese GDP decline worse than feared Concerns about Greece and a worse-than-expected contraction in Japan meant that it was a rather subdued day on the UK stock market on Monday, with the FTSE 100 broadly unchanged by the close. "E
Read moreAdmiral director stocks up following upbeat note from Merrill Lynch
12th Nov 2012 16:15
Cheryl Sussens, the wife of the Non-Executive Director John Sussens, has bought 10,000 shares in car insurer Admiral, a purchase which follows a positive note out from analysts at Bank of America Merrill Lynch last Friday. Sussens, who was appointed as the Senior Independent Non-Executive Director
Read moreFTSE 100 movers: Polymetal rises on positive update
12th Nov 2012 14:59
Mining firm Polymetal International leapt into the top spot after announcing that it has extended the life-of-mine projections for its Khakanja and Omolon mines in Russia by two years after releasing the first set of ore reserves estimates for its Tsokol, Ozerny, Avlayakan, and Dalniy deposits. UB
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreFTSE 100 movers: Admiral shares top the risers after upgrade
9th Nov 2012 16:02
Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) t
Read moreLondon midday: Greek concerns hammer stocks again
9th Nov 2012 11:35
- Greek bailout delay worries sink markets - Chinese inflation data leaves door open for more stimulus - Admiral gains after upgrade; IAG rises on Iberia plans Concerns about Greece have offset some better-than-expected economic data from China this morning, with the FTSE 100 trading firmly in the
Read moreAdmiral COO shows support for company during tough times
8th Nov 2012 16:59
The Chief Operating Officer of Admiral Group has shown his faith in the company less than a week after it disappointed investors with its third-quarter revenues. David Stevens, the Chief Operating Officer and co-founder of the company, pushed his stake in the company to 10.63m with the addition of
Read moreLondon close: Markets in bullish mood ahead of US election results
6th Nov 2012 16:44
- Markets gear up for climax of presidential race - Economic data disappoints - Corporate earnings impress, Resolution leads risers after upgrade The UK stock market shrugged off some disappointing economic data to finish Tuesday's session with decent gains as a barrage of updates and results from
Read moreFTSE 100 movers: Resolution gets boost from Merrill Lynch
6th Nov 2012 15:49
Resolution was the standout performer in the sector today after Bank of America Merrill Lynch raised its rating on the stock from 'neutral' to 'buy'. The US broker cited an attractive dividend yield as one of the reasons behind the move. Lloyds was also rising on the back of reports the the compan
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read more