FTSE 100 movers: IAG leaps on Charles Stanley comments
2nd Nov 2012 16:14
Airlines group IAG was the top performer this afternoon, up three per cent over 168p. Technical analysts at Charles Stanley said: "A close above 168p would suggest that this line is giving way and would amount to a 'trading buy' signal." Oil giant Tullow was also a high riser after JPMorgan Caze
Read moreSector movers: Insurance stocks dragged down by Admiral and CPP
2nd Nov 2012 15:04
Heavy falls for car insurer Admiral ensured that the non-life insurance category was firmly at the bottom of the pile on Friday afternoon, with a plummeting CPP Group doing little to help the sector. Shares in FTSE 100 constituent Admiral were trading 4.9% lower at 1,086p by mid-afternoon, after th
Read moreLondon midday: Markets cautious ahead of US non-farm payrolls
2nd Nov 2012 11:30
- All eyes on US jobs data - Outcome could be a major factor in presidential elections - Admiral, Meggitt and RBS disappoint The FTSE 100 was little changed by Friday lunchtime, having trade within a narrow range for most of the morning session, with investors nervous ahead the pivotal employment
Read moreBroker tips: Admiral, Weir, Burberry
2nd Nov 2012 11:12
Investec has retained a 'sell' recommendation and 570p target price for car insurance firm Admiral after the group revealed that revenue growth had slowed in the third quarter. "We believe that, while the forecast 7% yield will support the stock, paying 12x earnings for what is essentially a UK mot
Read moreBroker snap: Admiral's too expensive, Investec recommends to 'sell'
2nd Nov 2012 10:21
Investec has retained a 'sell' recommendation and 570p target price for car insurance firm Admiral after the group revealed that revenue growth had slowed in the third quarter. "We believe that, while the forecast 7% yield will support the stock, paying 12x earnings for what is essentially a UK mot
Read moreLondon open: Stocks fall ahead of key US jobs data
2nd Nov 2012 08:48
The FTSE 100 opened slightly lower on Friday morning following a strong rise the day before, as investors showed caution ahead of some pivotal economic data due out across the Pond later today. Financial trader Shavaz Dhalla from Spreadex said that investors are nervous about taking on too much ris
Read moreLondon pre-open: Declines expected ahead of US jobs report
2nd Nov 2012 07:33
City sources predict the FTSE 100 will open down 10 points from yesterday's close of 5,862, despite a strong rise in the US and broadly higher stocks in Asia overnight. Investors are likely to be cautious ahead of US non-farm payrolls which are due out today, at 13:30, along with manufacturing dat
Read moreAdmiral disappoints with third-quarter revenues
2nd Nov 2012 07:07
Car insurance firm Admiral saw a slight decrease in third-quarter turnover but has assured that it is still on track to hit its full-year targets, blaming the decline on seasonal factor. "Little has changed since the half year. The UK car insurance market is cyclical and we are in the softer part o
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreSector movers: Insurers battered by arrival of Hurricane Sandy
29th Oct 2012 15:51
With Hurricane Sandy hitting the shores on the east coast of America on Monday, the insurance sector was unsurprisingly the worst performing category of the day in London, with the latest estimates of the storm's damage being in the tens of billions of dollars. Sandy, dubbed as 'Frankenstorm', is e
Read moreLondon midday: Sandy claims its first victims, insurers
29th Oct 2012 11:37
UK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon close: Dull end to sparkling quarter
28th Sep 2012 16:50
Early gains dissipated in London and by the time Wall Street opened lower investors were in the mood to bank some of this quarter's handsome gains; despite today's fall, the top share index still put on close to 250 points in the third quarter. Sentiment was boosted early on by consumer confidence
Read moreFTSE 100 movers: Buckles down but not out at G4S
28th Sep 2012 15:39
Nick Buckles, Group Chief Executive Officer (CEO) of security firm G4S, is to keep his job after dodging the blame in the group's internal report into the Olympics staffing fiasco. The news sent shares in the under-fire outfit higher, suggesting the market has a high opinion of Buckles. "Whilst t
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