London midday: Back to square one
28th Sep 2012 11:37
It is more or less back to square one for Footsie after a bright start. Setiment was boosted early on by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was
Read moreLondon open: Cautious advance on big day for macro-data
28th Sep 2012 09:05
Leading shares are firmer on balance, helped by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was for a retreat to -30. The increase in the index comes aft
Read moreLondon pre-open: Firm drop forecast for FTSE
24th Sep 2012 07:24
City sources predict the FTSE 100 will open down 47 points from Friday's close of 5,853, weighed down by broadly lower trading in Asia, which has been affected by concerns over the Eurozone. There have been renewed concerns over the single currency region following France and Germany's failure to
Read moreLondon midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreLondon open: Stocks cut losses slightly after German decision
12th Sep 2012 08:27
- German Constitutional Court approves ESM - Major events still to come this week - China's Wen confirms GDP growth UK stocks are holding slightly lower in early trading on Wednesday although the initial reaction to the German Constitutional Court's (GCC) decision on the European Stability Mechanis
Read moreWife of Admiral CEO spends 2.12m pounds on shares in one week
7th Sep 2012 17:16
The wife of Henry Engelhardt, the Chief Executive Officer of car insurance group Admiral, topped up the family stake in the car insurance group again on Thursday, taking her investment in this week alone to over two million pounds. Diane Briere de l'Isle bought 45,500 shares at yesterday at a price
Read moreTwo City of London directors dispose of beneficial interests
6th Sep 2012 17:10
Two directors of emerging markets-focused investment group City of London disposed of beneficial interests they have in the company on Wednesday, just two days after the firm's full-year results revealed a large decline in funds under management (FuM). Non-executive director David Cardale and Finan
Read moreLondon midday: All eyes turn to Draghi as BoE holds rates
6th Sep 2012 11:33
- All eyes on the ECB and Draghi - BoE keeps rates and QE unchanged - Economic data from the US also in focus Just a handful of stocks on London's Footsie were in the red by Thursday lunchtime as markets geared up to a pivotal policy announcement by the European Central Bank (ECB). The UK's Moneta
Read moreWife of Admiral CEO buys 1.6m pounds-worth of shares
5th Sep 2012 16:16
The wife of Admiral's Chief Executive Officer (CEO) bought a staggering amount of shares in the car insurance giant on Tuesday, worth nearly 1.6m pounds. Diane Briere de l'Isle, the partner of CEO Henry Engelhardt, snapped up 144,348 shares in Admiral at average price of 1,107p - this cost her a to
Read moreFTSE 100 movers: Petrofac defies the trend
4th Sep 2012 14:36
The top-share index has been in reverse gear for most of the day, even dipping below 5700 at one point, but oilfield services group Petrofac has been defying the trend Credit Suisse turned positive on the stock. "We believe the stock has performed poorly on a lack of project awards over the summer
Read moreLondon close: Miners jump on hopes of central bank action
3rd Sep 2012 16:45
- Central banks in China, US and Europe expected to act - UK manufacturing beats expectations - Fresnillo leads miners higher Stocks markets in the States may have been closed for Labour Day but that didn't stop bourses in Europe from registering decent gains on Monday, with London's Footsie starti
Read moreSector movers: Broker downgrade pulls down ARM and tech sector
3rd Sep 2012 16:16
Tech groups and insurance companies were out of favour on Monday afternoon, after sharp falls for ARM Holdings and Admiral weighed on their respective categories. Chip designer ARM Holdings was under pressure today after Deutshe Bank downgraded its rating on the stock from 'hold' to 'sell' and redu
Read moreBroker snap: Admiral's 'running out of steam', says Credit Suisse
3rd Sep 2012 14:20
Car insurance giant Admiral was under heavy selling pressure on Monday afternoon after Credit Suisse downgraded its rating on the shares, saying that there isn't much upside left in the stock. "Despite reporting a solid headline result and outlining multiple areas where buffers have been built to s
Read moreFTSE 100 movers: Miners dominate risers on Chinese stimulus hopes
3rd Sep 2012 14:17
A strong showing by the miners assured that the Footsie was firmly in the red on Monday afternoon in spite of some steep falls for some heavyweight stocks, such as Glencore, Admiral and ARM Holdings. Disappointing Chinese economic figures, which usually results in a sell-off in the mining sector, h
Read moreFriday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
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