London close: Stocks slip as stimulus hopes fade
30th Aug 2012 16:50
- Speculation ramps up ahead of Jackson Hole meeting - Decent US data dampens hopes for extra stimulus - Volatility could increase in coming weeks, says UniCredit The FTSE 100 index experienced its third consecutive day in the red on Thursday as economic stimulus-related optimism began to fade ahea
Read moreFTSE 100 movers: Resources lower on investor caution
30th Aug 2012 15:40
Resources stocks such as Rio Tinto, Kazakhmys, BHP Billiton, Eurasian Natural Resources Corp and Vedanta Resources were registering losses today as risk appetite is scaled back ahead of the pivotal meetings of central bankers over the next week.?? Kazakhmys was particularly under pressure after Je
Read moreLondon midday: Miners unwanted ahead of Jackson Hole meeting
30th Aug 2012 12:00
- Jackson Hole speculation ramps up - Global economic data disappoints - Evraz, Kazakhmys and the miners provide a drag in London UK stocks were continuing to trade in the red by Thursday lunchtime as equity markets the world over showed their nerves ahead of some eagerly-awaited central bank meet
Read moreBroker tips: Kazakhmys, Antofagasta, Admiral...
30th Aug 2012 11:18
Jefferies now prefers Antofagasta over copper peer Kazakhmys and has downgraded its rating for the latter from 'buy' to 'hold'. "Our preference this year for shares of Kazakhmys over shares of Antofagasta has been based entirely on relative valuations (Kaz is much cheaper). However, after reviewing
Read moreBroker snap: Nomura encouraged by Admiral's underlying figures
30th Aug 2012 10:35
Nomura has reiterated its 'buy' rating and 1,300p target price for car insurance group Admiral highlighting the firm's strong first-half results and continued claims 'stability'. "Admiral has reported PBT [profit before tax] 2% ahead of consensus; however, there has been an accounting change, which
Read moreThursday broker round-up
30th Aug 2012 09:35
Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreLondon open: Markets look to central banks for a boost
30th Aug 2012 08:28
- All eyes on Jackson Hole - Draghi expected to announce something 'big' next week - Miners lower as Footsie experiences third day in the red Miners were once again weighing on the benchmark index in London this morning, as risk appetite continues to be scaled back ahead of some pivotal central ban
Read moreAdmiral navigating tricky waters in UK car market
30th Aug 2012 07:26
Car insurance specialist Admiral said competition in the UK vehicle insurance market has gone crazy-bad in 2012, but it still managed a handy increase in profits from this source in the first half of the year, Headline profit before tax for the whole group in the first half of 2012 rose 7% to £171.
Read moreLondon midday: Stocks fall despite retail data and stimulus hopes
16th Aug 2012 11:46
- UK retail sales beat estimates in July - Investors eye US data - Chinese stimulus hopes increase After a pretty subdued start, the Footsie had fallen further into the red by Thursday lunchtime in spite of some better-than-expected UK retail sales data. Sales volumes rose by 0.3% during July, up
Read moreLondon open: Stocks rise despite Chinese data
1st Jun 2012 08:25
- Chinese PMI dissapoints - Ireland begins counting votes on fiscal treaty referendum - BP jumps after proposed sale of interest in TNK-BP London's Footsie index bucked the trend seen across European markets to trade firmly higher on Friday morning, ahead of some crucial payrolls data Stateside du
Read moreLondon close: Stocks drop after gloomy US data
31st May 2012 17:04
- US GDP, payrolls, jobless claims, Chicago PMI disappoints - Spain continues to dampen sentiment - M and A boosts IHG and Logica Despite a strong start early on, London's blue-chip index dropped into the red in afternoon trade as a raft of disappointing data from the US compounded fears over the
Read moreFTSE 100 movers: IHG firmly in top spot on speculation
31st May 2012 14:53
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) climbed to the top spot on the back of M&A speculation, with analyst at Numis earlier this week speculating about a possible tie-up with sector peer Marriott. More fuel was added to the rumours today after activist investor Nelso
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreLondon close: Stocks surge as JPMorgan hints at ECB stimulus
24th May 2012 16:38
-JP Morgan suggests ECB rate cut, LTRO restart -EU leaders make little progress -UK contracts more than expected in Q1 An underwhelming EU summit and a barrage of disappointing economic figures failed to hold back gains on Thursday, as the Footsie rebounded following yesterday's steep sell-off. C
Read moreLondon midday: Stocks shrug off gloomy economic data
24th May 2012 11:45
- Stocks surge after yesterday's heavy falls despite Eurozone travails - China, Eurozone PMIs disappoint - UK contracts more than expected in Q1 Equity markets across Europe on Thursday were seemingly ignoring a barrage of disappointing economic data and last night's underwhelming EU summit, as sto
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