London midday: Investors take profits after FTSE hits fresh intraday record
2nd Mar 2015 11:41
After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs. The FTSE 100 was down 0.01% at 6,945.68 by midday, erasing gains after rising to a new intraday all-time high of 6,974.26 in
Read moreLondon open: UK stocks hit new record high on China rate cut
2nd Mar 2015 08:52
UK stocks rose modestly to a new record high on Monday morning on the back of gains in the banking and mining sectors, tracking a strong performance on Asian markets overnight after a rate cut in China. The FTSE 100 was up 0.3% at 6,969.46 within the opening hour, having risen as high as 6,972.01 in
Read moreMorgan Stanley picks Lloyds and Barclays as banks play "catch up"
20th Feb 2015 15:53
Morgan Stanley thinks European banks might now "start to play catch up" after an unusual period of underperformance in an improving macroeconomic environment. Although Greek concerns remain, the US investment bank believes some concerns about the banking sector are easing, such as deflationary risks
Read moreLondon close: Footsie at five-month high as Greek concerns ease, oil stocks surge
3rd Feb 2015 17:12
Strong gains in the oil sector pushed UK stocks to their highest in five months on Tuesday, helped by an easing of concerns about Greece. The FTSE 100 finished 1.3% higher at 6,872, its best close since 4 September when it settled at 6,878. The new government in Greece has proposed swapping its out
Read moreLondon midday: Rising commodity prices boost resource stocks, BP gains
3rd Feb 2015 12:25
Better-than-expected UK data and positive developments in Greece resulted in a surge on London's stock market on Tuesday, with resource stocks leading the rise. The FTSE 100 was up 1.2% at 6,861 by midday, helped by big gains from oil and mining stocks as commodity prices strengthened. BP was also l
Read moreLondon open: BP leads stocks higher on Greek optimism, stronger commodities
3rd Feb 2015 09:11
UK stocks surged on Tuesday on the back of optimism surrounding Greece's proposed debt plan, while rising commodity prices gave resource shares a boost. Within the first hour of trade, the FTSE 100 was up 1.1% at 6,857, led by gains in the oil and mining sectors, with BP among the best performers af
Read moreLondon pre-open: Greek debt plan to lift stocks early on
3rd Feb 2015 07:50
Optimism surrounding Greece's proposed debt plan is expected to lead to a higher open on UK stock markets on Tuesday. City sources predict the FTSE 100 will open 23 points higher than Monday's close of 6,782.55. The new government in Greece has proposed using debt swaps for new growth-linked bonds,
Read moreAberdeen AM suffers net outflows in first quarter as sentiment "fragile"
3rd Feb 2015 07:10
Aberdeen Asset Management saw net outflows in the three months to end-December due to a weakening of investor sentiment to emerging markets in December, with the fragile sentiment and volatile demand expected to continue. The first three months of its new financial year recorded a decline in assets
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreFTSE 100 movers: Travel companies soar as miners sink
11th Dec 2014 16:21
Travel companies Easyjet and International Consolidated Airlines Group were boosted by the fall in oil prices, on hopes that lower fuel costs will boost profitability. Dixons Carphone was also among the risers after it emerged earlier this week that it surpassed its Christmas store opening targets.
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreLondon open: Stocks bounce off one-month low on Chinese stimulus hopes
10th Dec 2014 08:54
UK stocks edged higher on Wednesday after a steep sell-off sent the FTSE 100 to its lowest levels in more than a month. London's benchmark index was up 0.3% at 6,549 early on, after settling at 6,529.47 the previous day. Political uncertainty in Greece and concerns about lending in China hammered m
Read moreAberdeen Asset Management director buys stake after "demanding" year
9th Dec 2014 15:29
Simon Troughton, senior independent director at Aberdeen Asset Management, on Tuesday bought 20,000 shares for 462p each. The £92,400 deal comes one week after the asset manager released its full-year results. Troughton, who joined the company in 2009, now holds 60,000 shares in the company. The f
Read moreTuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
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