London open: Miners lead decline
25th Aug 2009 08:15
Miners are leading London's top stocks lower in early dealing after a poor afternoon session in the US and weaker Asian markets. Kazakhmys is the worst performer, down more than 4%, closely followed by Lonmin, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, Anglo American, BHP Billito
Read moreLondon pre-open: Early selling on the cards
25th Aug 2009 07:37
A poor afternoon session in the US and weaker Asian markets will set the tone for London this morning, with investors worried about talk of a correction following the recent rally. The FTSE 100 is expected to lose around 40 points in early deals after Wall Street gave up a big lead to finish with j
Read moreAdmiral posts record numbers
25th Aug 2009 07:20
Car insurer Admiral announced another record half year profit despite the poor economic conditions, prompting the firm to gives its employees shares worth £4.5m in total. Pre-tax profit for the six months rose 5% to £105.3m on turnover that increased 17% to £540.1m. Interim dividend was also hiked
Read moreTuesday preview: Persimmon, Admiral, US house prices
24th Aug 2009 16:18
Though no longer in the FTSE 100, housebuilder Persimmon's results are still eagerly awaited as they give clues to the state of the all-important UK housing market; few things are more guaranteed to boost UK consumer confidence than a rise in UK house prices. Sector peer Bovis announced a sharp fal
Read moreBroker tips: Serco, Xchanging, Admiral
11th Aug 2009 12:14
The recent tendency of investors to favour cyclical stocks over defensives has gone too far according to Charles Stanley, which has lifted its target price on the outsourcing group Serco to 460p from 440p. Charles Stanley expects Serco, whose projects include running London's Docklands Light Railwa
Read moreBroker snap: Admiral demoted after rally
11th Aug 2009 09:40
A sharp rise in the share price of Admiral recently has prompted broker Credit Suisse to downgrade its rating on the car insurer to 'neutral' from 'outperform.' The stock has rallied from 855p at end of June to 1,012p, Credit Suisse notes. This leaves just 8.5% upside to its unchanged target pric
Read moreLondon close: Modest gains as US struggles
9th Jul 2009 16:33
Equities held onto gains despite a lacklustre final session as Wall St struggled to make headway. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Rand
Read moreLondon afternoon: Rally gathers pace
9th Jul 2009 14:46
Equities pushed higher over the lunch-time session, boosted by expectations of a firm start on Wall Street. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold min
Read moreLondon midday: Mining stocks in the driving seat
9th Jul 2009 12:17
Mining stocks are behind the wheel once again and today they are driving the market higher. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Randgold Resources to "hold" from "buy". Elsewhere in the sector An
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreBroker tips: Lloyds, Admiral, National Express
29th Jun 2009 12:53
US bank Goldman Sachs has added part-nationalised British bank Lloyds Banking Group to its conviction buy list, claiming Lloyds shares represent the cheapest option among the major large-cap European banks. Goldman Sachs has upgraded Lloyds from "neutral" to "buy", going against the trend of most i
Read moreBroker snap: CS admires Admiral's defensive properties
29th Jun 2009 12:36
Car insurer Admiral has moved back towards the bottom of the trading range it has occupied since August of last year, prompting Credit Suisse to recommend dipping back into the shares. The Swiss bank believes Admiral's shares may be supported at around its current level by its dividend; the shares
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreFTSE 100 movers: Lloyds given boost by Goldman
29th Jun 2009 11:05
US bank Goldman Sachs gave Lloyds Bank a boost by adding it to its conviction buy list. The US bank claims Lloyds shares represent the cheapest option among the major large-cap European banks and upgraded Lloyds from "neutral" to "buy". GS expects Lloyds to be a "key beneficiary" of the concentrati
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