FTSE 100 Movers: Banks lead the way higher
2nd Dec 2011 13:26
Banking giants Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered were all making strong gains, in line with the broader European banking sector, as fears over the Eurozone crisis eased. RBS was also boosted by news that it is to sell its tenanted pub business of 918 pubs
Read moreLondon midday: Banks lead risers ahead of US jobs data
2nd Dec 2011 11:52
The Footsie was trading close to its highest levels of the day at midday as markets await a key jobs report from the US, which some are expecting to beat consensus forecasts. ALL EYES ON THE JOBS REPORT The US Labor Department will release its monthly employment report at 13:30, in which analysts
Read moreBroker tips: Admiral, Homeserve, Greene King
2nd Dec 2011 11:32
Investec has maintained its sell rating on car insurer Admiral, saying the stock is "going like a freight train...downhill". "It is not clear whether the claims shocks described in the 9M IMS will be a one-off. This note illustrates what could happen with a significant reserve increase next year. I
Read moreDigital Look broker talk
2nd Dec 2011 11:16
Tesco: "We expect Q3 will allow Tesco to evidence the early gains made in UK food (Price Drop), and possibly non-food (ranging and merchandising), reinforcing our view of a palpable shift in momentum at Tesco" [Nomura]. Admiral: "The profit warning at 9M 2011 has increased the risk in holding this
Read moreBroker snap: Investec highlights risks at Admiral
2nd Dec 2011 10:57
Investec has maintained its sell rating on car insurer Admiral, saying the stock is "going like a freight train...downhill". Admiral's shares tanked at the start of November, when the firm warned that full-year profits would be at the lower end of expectations due to a jump in personal injury claim
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
Read moreLloyds director buys up shares
23rd Nov 2011 16:42
Glen Moreno, a non-executive director at banking giant Lloyds, has dipped into his savings to buy £44,180-worth of shares. The 68-year-old, who joined the board in March 2010, purchased 200,000 shares at 22.09p each. Moreno is also the chairman of Pearson, the media group, and director of Fideli
Read moreFTSE 100 Movers: Admiral rises on speculation
23rd Nov 2011 16:05
Car insurer Admiral rose amid speculation that the firm is to pay a dividend of 100p to shareholders. Shares have taken a dive in recent months following warnings that the group is facing unexpectedly high volumes of claims. Satellite operator Inmarsat was on the rise despite projections that the
Read moreFTSE 100 Movers: IAG flying low
22nd Nov 2011 14:40
It was bad news all round for the travel industry, as shares in International Consolidated Airlines lost over 4% after Iberia, which operates under IAG, let it be known that it is facing potential strike action from workers, over the firm's plans to launch a new airline next year. Heading in the o
Read moreSector movers: Thomas Cook, IAG drag down travel stocks
22nd Nov 2011 14:14
The travel and leisure sector was dragged lower on Tuesday after Thomas Cook plummeted over 70% after saying that it was in talks with its banks about borrowing more money. Thomas Cook said it was going back to its banks because of a "deterioration of trading in some areas of the business in the c
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreFTSE 100 Movers: Schroders tops the list
11th Nov 2011 12:30
Schroders was the top riser after Deutsche Bank upgraded the stock to hold from sell, and even though Credit Suisse cut its target to 1,390p from 1,450p. AMEC was also rising after Galvan Research marked the stock out as a buy, saying that it expects the engineering and project management services
Read moreLondon close: Late fall pushes Footsie into the red
10th Nov 2011 16:38
The Footsie swung between gains and losses on Thursday, but finished slightly in the red after US stocks retreated in mid-morning trade on Wall Street. US DATA OFFSET BY FRENCH CONCERNS Driving gains in the afternoon was economic news stateside. The US Labor Department said that initial unemployme
Read moreTesco director makes a return
10th Nov 2011 15:25
Chairman of Tesco Bank Andrew Higginson, who recently announced his plans to check-out from the supermarket giant next year, has sold £1.4m worth of his shares in the firm. 54-year-old Higginson, who was formerly group finance and strategy director for the firm, is the man behind Tesco's lucrative
Read moreFTSE 100 Movers: Experian rises as Vedanta falls
10th Nov 2011 14:08
Leading the way north was Experian, the credit reference and anti-fraud company, after it hiked its interim dividend by 14% after a strong financial performance in the first half of its financial year. Revenues of $2.3bn were up 15% on 2010's figure of $2.0bn. On a constant exchange rates (CER) ba
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