London midday: Markets fall ahead of Eurozone meetings, US data
15th Mar 2013 11:47
Meetings in the Eurozone and a relatively quiet day on the corporate earnings calendar meant that the UK stock market was trading firmly in the red on Friday morning as traders booked profits after recent gains. The S&P 500 in New York finished just a couple of point shy of its all-time high on Thu
Read moreLondon open: Stocks flat as traders await details from EU summit
15th Mar 2013 08:29
UK stocks opened more or less flat on Friday morning as markets paused for breath after a strong rise the day before, with traders awaiting any developments at the European Union (EU) summit in Brussels. The S&P 500 finished just a couple of point shy of its all-time high on Thursday night as data
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreFTSE 100 movers: Aggreko tops risers
14th Mar 2013 15:34
Temporary power and temperature control firm Aggreko was the best performer of the day after winning contracts to supply122 MW of gas-fuelled power to utilities in Mozambique and Namibia from its facility at Ressano Garcia in Mozambique, the largest cross-border interim power plant in the world. Jef
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
Read moreBroker tips: Aggreko, Ocado, Home Retail
14th Mar 2013 11:06
Jefferies has maintained its 'buy' rating and 2,200p target price for temporary power and temperature control group Aggreko after the company announced a power-supply contract with utility companies in Southern Africa on Thursday. "While a degree of contract wins are required to meet consensus numb
Read moreBroker snap: Jefferies hails power contract at Aggreko
14th Mar 2013 10:47
Jefferies has maintained its 'buy' rating and 2,200p target price for temporary power and temperature control group Aggreko after the company announced a 'helpful contract win' in Southern Africa on Thursday. The company said that it has signed Tri-Party Power Purchase Agreements (TPPA) with Mozamb
Read moreLondon open: FTSE 100 rises early on as Morrison jumps
14th Mar 2013 08:36
Strong gains for Prudential, Morrison and Aggreko helped push London's benchmark index into positive territory on Thursday morning, as traders showed optimism following recent bullish forecasts. US banking giant Goldman Sachs hiked its near-term target prices for the FTSE 100, saying that the index
Read moreLondon pre-open: Stocks to inch higher following gains in the US
14th Mar 2013 07:28
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,482, tracking gains seen in the US overnight. The main US equities edged higher Wednesday as US retail sales in February beat forecasts. Commerce Department figures revealed retail purchases jumped 1.1%, twice
Read moreAggreko wins contract for huge power plant in Southern Africa
14th Mar 2013 07:10
Temporary power and temperature control firm Aggreko has won contracts to supply 122 megawatts (MW) of gas-fuelled power to utilities in Mozambique and Namibia from the largest cross-border interim power plant in the world. The company announced on Thursday that it has signed Tri-Party Power Purcha
Read moreFTSE 100 movers: Banks decline on calls for operations to be divided
11th Mar 2013 15:09
Barclays and RBS were both in the biggest fallers after the Parliamentary Commission on Banking Standards called for British banks to be forced to divide its routine retail operations from investment operations. The panel is looking for ways to bring about banking reform as part of the Banking Refor
Read moreFTSE 100 movers: Evraz rises on hopes of greater demand from Asia
8th Mar 2013 15:15
Evraz rose into the top spot as the prospects of greater demand from Asia looked up, boosted by the release of a sharp upwards revision to Japanese growth estimates for the last three months of 2012. Shares in financial companies were also making decent gains in early trading as risk appetite incr
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreLondon close: Markets unfazed as central banks hold fire
7th Mar 2013 17:06
The FTSE 100 finished with moderate gains on Thursday as investors digested policy-rate decisions in both the UK and Europe. Matt Basi, the Head of UK Sales Trading at CMC Markets, said European stock markets experienced "jittery trade" with traders pausing for thought after the significant gains o
Read moreFTSE 100 movers: Aviva dives after slashing dividend
7th Mar 2013 15:04
Insurance giant Aviva was forced to slash to dividend after swinging into the red in 2012, after taking a 3.3bn-pound write-down on a disposal in the US. Aviva also said that its overall situation does not warrant bonuses for executive directors for 2012 or pay rises for 2013. Shares dropped sharply
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