FTSE 100 movers: Aberdeen lower on accelerating outflows, HSBC underwhelms
5th May 2015 13:21
Asset manager Aberdeen led the fallers as it reported an accelerating outflow of funds, with £11.3bn withdrawn by investors in the six months to 31 March. HSBC was trading lower, after underwhelming with its first-quarter results despite profits coming in ahead of expectations. Reported pre-tax prof
Read moreLondon open: Stocks rise, but miners limit upside after RBA rate cut
5th May 2015 09:14
UK stocks opened in the green on Tuesday morning after the long weekend as markets tracked gains in Europe and the US the previous session, though miners were limiting upside. The FTSE 100 was trading 0.5% higher at 7,021.16 early on with gains capped as political uncertainty kicked in ahead of poll
Read moreLondon pre-open: Positive start expected as UK markets reopen after bank holiday
5th May 2015 07:47
UK stocks are expected to rise on Tuesday morning as London investors play catch-up after the long weekend, tracking gains in Europe and Wall Street. City sources predict the FTSE 100 will open 38 points higher than Friday's close of 6,985.95. "London markets look set to play catch-up this morning
Read moreAberdeen Asset Management outflows accelerate in first half
5th May 2015 07:05
Outflows continued to outweigh inflows at Aberdeen Asset Management in the second quarter but the fund management group still increased profits by a quarter in the first half of the year and announced a share buyback of up to £100m. The rate of outflow has accelerated, with £6.5bn net outflows in th
Read moreLondon close: Markets shrug off weak data as Lloyds and miners surge
1st May 2015 16:37
Strong gains from mining stocks and an impressive first-quarter performance from UK lender Lloyds helped UK markets to rise on Friday, as investors shrugged off mostly worse-than-expected economic data. "With Europe mostly out of action for May Day, it was a quiet day in London, but at least the tra
Read moreFTSE 100 movers: HSBC rockets on domicile review, Astra hit by heartburn rival
24th Apr 2015 13:19
HSBC topped the risers as it launched a review of its UK domicile in light of the changing regulatory landscape. Some media commentators suggested the announcement, carefully timed ahead of the general election, was politically motivated. After receiving some takeover interest in one of its division
Read moreLondon open: Analysts sanguine on Greece, oil forecasts revised higher
24th Apr 2015 09:17
Stocks have begun the morning moving modestly higher on residual optimism over the Greek debt negotiations and on the coat-tails of overnight gains on Wall Street, which saw the Nasdaq Composite close above its previous early 2000 record highs. "Greece is cash-strapped, and the situation is worsenin
Read moreTuesday broker round-up
14th Apr 2015 17:12
Marks&Spencer: UBS reiterates buy and lifts target price to 625p from 590p. HSBC: Credit Suisse reiterates underweight stance and Investec its recommendation to sell. Barclays: Credit Suisse reiterates neutral and 250p target. Tesco: Deutsche reiterates buy and 275p target price. Royal Dutch Shel
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 100 movers: Miners rebound, Hargreaves Lansdown plummets
14th Apr 2015 14:01
Mining stocks rebounded from heavy losses on Monday, when a number of investment banks lowered their price targets for iron ore over the coming years. Shares in BHP Billiton, Rio Tinto, Glencore and Anglo American were all trading higher. Stock in Hargreaves Lansdown plummeted after Peter Hargreaves
Read moreLondon midday: Stocks inch higher but Greek uncertainty limits upside
14th Apr 2015 11:36
A rebound in the mining sector and data showing that the UK economy narrowly avoided deflation gave stock markets a small boost on Tuesday, though uncertainty in Athens was limiting upside. Reports that Greece is preparing for a debt default if it can't reach a deal with its creditors were likely ke
Read moreBroker tips HSBC, Shell, BP, Morrisons, Tullow, Aberdeen
14th Apr 2015 11:34
Investec has recommended investors to 'sell' shares of global banking giant HSBC, downgrading the stock from 'hold' after a "very disappointing" set of annual results last month. In spite of the weak results, which were some 33% below consensus, HSBC's UK shares have rebounded 10% over the past mont
Read moreAberdeen Asset Management shares drop after RBC cuts stock to 'underperform'
14th Apr 2015 10:59
Aberdeen Asset Management shares fell 2.1% in London on Tuesday with traders attributing the decline to a rating downgrade of the company's stock to 'underperform' from 'sector perform' by RBC Capital Markets. RBC expects acceleration in the asset manager's equity net outflows in the most recent qua
Read moreLondon close: UK stocks set a new record high despite growth concerns
10th Apr 2015 16:32
London's FTSE 100 surged to a new all-time high on Friday, topping a previous peak reached two weeks ago, despite concerns about a slowdown in UK economic growth. The Footsie finished 74.41 points higher, rising 1.06% to a fresh record of 7,089.77, helped by gains from Shire, Aberdeen, ITV and a hos
Read moreLondon close: UK stocks surge 1.1% to two-week high on M&A, Greece
9th Apr 2015 17:15
London's FTSE 100 bounced to finish above the psychological 7,000 level for the first time in over two weeks on Thursday, helped by easing concerns about Greece and continued M&A speculation. The Footsie closed 77.95 points higher (+1.12%) at 7,015.36 with Burberry and Intercontinental Hotels Group
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